Tether Pulls Plug On USDT Across Blockchain Ecosystem Including Bitcoin, Kusama, BCH
Portfolio Pulse from Murtuza Merchant
Tether has announced it will discontinue support for its stablecoin USDT on the Bitcoin, Kusama, and Bitcoin Cash blockchains. The decision was made after evaluating the current transport layers and their relevance in the blockchain ecosystem. Users can swap the affected USDT tokens for other chains on supporting platforms, including Bitfinex.
August 17, 2023 | 4:28 pm
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NEGATIVE IMPACT
Tether's decision to discontinue USDT support on Bitcoin Cash may impact BCH's liquidity and usage.
Tether's decision to discontinue USDT support on Bitcoin Cash could lead to a decrease in BCH's liquidity and usage, potentially negatively impacting its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tether's decision to discontinue USDT support on Bitcoin may impact BTC's liquidity and usage.
Tether's decision to discontinue USDT support on Bitcoin could lead to a decrease in BTC's liquidity and usage, potentially negatively impacting its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tether's decision to discontinue USDT support on Kusama may impact KSM's liquidity and usage.
Tether's decision to discontinue USDT support on Kusama could lead to a decrease in KSM's liquidity and usage, potentially negatively impacting its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tether's decision to discontinue USDT support on certain blockchains may impact USDT's liquidity and usage.
Tether's decision to discontinue USDT support on certain blockchains could lead to a decrease in USDT's liquidity and usage, potentially negatively impacting its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100