Stablecoin exporter Tether announced that he had given up the USDT smart contracts on five blockzincir. The company said that token transfers will continue to be possible in these networks, but no longer new USDT printing.
They revised plans
Tether, the omni layer of this decision, Bitcoin 
$108,248.00 Cash SLP reported that they would impress their users of vomits, eos and algorand, and that they revised their plans after feedback from communities. Instead of freezing smart contracts in these networks, Tether decided to end the token printing and termination of its fire.
Although USDT transfers can be made in these chains, the new tokens will no longer be created in these networks. This means that USDT tokens in these chains will not receive official support like other Tether tokens. Initially, supports were planned to end on September 1.
This decision coincides with Tether’s long -term strategy: focusing on supporting blocksincres with a strong developer activity, high scalability and user demand. The company does not completely abandon the chains it has supported to date; It limits only active support. Ton and Ethereum, which stands out with Tether’s chains, widespread users and practical usage scenarios 
$4,394.04 was.
Tron and Ethereum leader in the use of USDT
According to fashion show data, 80.9 billion dollars in the TRON network and $ 72.4 billion in the Ethereum network is in the USDT circulation. BNB Chain ranks third with $ 6.78 billion.
Although networks such as Arbitrum and Base, which have Solana, Ethereum Layer-2 chains, also show active stablecoin, these chains are mostly preferred by Circle’s USDC Stablecoin.
When we look at the USDT balances in the canceled chains, the most affected network is the omni layer: $ 82.9 million USDT circulation. 4.2 million dollars in EOS, Bitcoin Cash 
$532.43 SLP, Algorand and Kusama have USDT under $ 1 million each.
Stablecoin market continues to grow
According to Coingecko data, the total market value of the Stablecoin market is currently $ 285.9 billion. This value of $ 167.4 billion belongs to USDT and $ 71.5 billion belongs to USDC.
Last month, US President Donald Trump signed the GENIUS law, which encourages Dollar Stablecoins. According to analysts, this law will strengthen the position of the dollar as a global reserve currency and increase its superiority to other currencies.
On the other hand, the withdrawal of support in less chains such as omni layer can lead to stablecoin systems to shift to more efficient networks. However, in the name of decentralization, the fully ignorance of minority chains may be a negative development for some users.
The GENIUS Act is expected to seriously strengthen US -based stablecoin projects and dollar assets indexed to dollars in the coming years. It is very logical that Tether is positioned by taking these developments into consideration.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
