The Tether (USDT) stablecoin will no longer be issued on the Bitcoin Omni Layer, while redemptions will still be open for at least a year.
Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand
Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.
As Tether Supply Hits Record Highs, It Moves Away From Original Home
Tether growth is hitting new all-time highs across multiple blockchains, but the first protocol to support Tether is being left behind.