{"id":83231,"date":"2023-08-17T17:33:36","date_gmt":"2023-08-17T14:33:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83231"},"modified":"2025-09-12T09:55:26","modified_gmt":"2025-09-12T06:55:26","slug":"tether-halts-usdt-issuance-on-kusama-bitcoin-cash-slp-and-omni-layer-networks","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-halts-usdt-issuance-on-kusama-bitcoin-cash-slp-and-omni-layer-networks\/","title":{"rendered":"Tether halts USDT issuance on Kusama, Bitcoin Cash SLP, and Omni Layer networks"},"content":{"rendered":"<p>On 17 August, the issuer of the stablecoin USDT, Tether <a href=\\\"https:\/\/tether.to\/en\/tether-makes-strategic-transition-to-meet-community-demands-and-foster-innovation\/\\\">\u043f\u0440\u0435\u043a\u0440\u0430\u0442\u0438\u043b\u0430<\/a> \u0432\u044b\u043f\u0443\u0441\u043a \u0430\u043a\u0442\u0438\u0432\u0430 \u0432 \u044d\u043a\u043e\u0441\u0438\u0441\u0442\u0435\u043c\u0430\u0445 Kusama, Bitcoin Cash SLP \u0438 Omni Layer.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p>\u201cIf the blockchain lacks meaningful support over an extended period and there are no signs of recovery in the metrics, its use becomes inefficient and may jeopardise our security,\u201d the issuer\u2019s representatives said.<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>The company will continue to buy back tokens from these networks for at least a year. Users can also exchange coins for USDT from other blockchains via various exchanges.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The Omni project was the first protocol that Tether used to issue stablecoins on the Bitcoin network. The firm has left itself the option to revisit the decision on this project in the future.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Company representatives emphasised that they remain involved in the development of <span data-descr=\\\"\u0414\u0435\u0439\u0441\u0442\u0432\u0438\u0442\u0435\u043b\u044c\u043d\u043e \u043f\u043e\u043b\u0435\u0437\u043d\u043e \u0434\u043b\u044f \u0411\u0438\u0442\u043a\u043e\u0438\u043d\u0430\\\" class=\\\"old_tooltip\\\">RGB<\/span> smart contracts, which enable building two and three layers atop the Bitcoin blockchain.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p>\u201cWe firmly believe that RGB will usher in a new era for cryptocurrencies, smart contracts and digital rights, gaining broad support from major players in our industry. Once USDT on RGB is up and running, the world will see the asset on another ultra-powerful and scalable layer,\u201d they concluded at Tether.<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>In late July, the issuer of the stablecoin <a href=\"https:\/\/u1f987.com\/en\/news\/tether-reports-850m-net-profit-in-the-second-quarter\">reported $850 million in net profit<\/a> in the second quarter.<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 17 August, the issuer of the stablecoin USDT, Tether halted issuance of the asset in the Kusama, Bitcoin Cash SLP and Omni Layer ecosystems.<\/p>\n","protected":false},"author":1,"featured_media":83232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1245],"class_list":["post-83231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83231"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83231\/revisions"}],"predecessor-version":[{"id":83233,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83231\/revisions\/83233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83232"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}