Tether Ends Support for Kusama, Bitcoin Cash SLP, and Omni Layer Chains
Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains. The stablecoin issuer has stopped minting USDT on Kusama (KSM), Bitcoin Cash’s (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).
Key points:
– Tether considers community interest when deciding which blockchains to support.
– The decision to end support for a blockchain is based on factors like security, customer support, compliance, and regulatory oversight.
– Kusama is the test network for Polkadot, while Bitcoin Cash is a hard fork of Bitcoin and SLP is a token system.
– Dropping support for Omni Layer was a difficult decision for Tether, as it was the initial transport layer for USDT.
– Tether aims to remain consistent, transparent, and open in its decision-making processes, even if it means making difficult choices.
In conclusion, Tether has ended support for Kusama, Bitcoin Cash SLP, and Omni Layer chains due to various reasons. This decision reflects the company’s commitment to security, usability, and sustainability. While it may be challenging, Tether believes that it is necessary to make tough choices for the long-term benefit of the stablecoin.
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