🚨 NEW: Tether will end $USD₮ support on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand by September 1, 2025, as part of its infrastructure review.
31.69K
223
CryptoSlate
Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.
According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks.
The decision comes as part of what the company called an “infrastructure optimization” strategy, aiming to align with shifting community usage trends and refocus resources toward more active and scalable blockchains.
The move finalizes a phased withdrawal that began over the past two years. In 2023, Tether halted minting on Bitcoin Cash, Kusama, and Omni Layer and ended minting on Algorand and EOS (recently rebranded as Vaulta) last June.
Until now, however, it had continued to redeem tokens on these networks.
Tether CEO Paolo Ardoino said:
“As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it. Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement, all key components for driving the next wave of stablecoin adoption.”
Tether emphasized that the five blockchains were instrumental in its early expansion but have seen a steep decline in USDT usage and trading volume in recent years. USDT remains the largest stablecoin in crypto with a market capitalization nearing $160 billion.
The company said it will prioritize emerging Layer 2 networks, such as the Lightning Network, and other high-utility chains to enhance interoperability, transaction speed, and ecosystem growth.
Tether advised customers to redeem their USDT holdings on the affected blockchains or request issuance on supported networks before the September cutoff. Holders not directly served by Tether can migrate through third-party service providers.
The stablecoin issuer added that it will continue exploring new integrations to broaden USDT accessibility globally and strengthen its infrastructure to meet evolving market demands.
The post Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand appeared first on CryptoSlate.
3.46K
0
The Wolf Of All Streets
TETHER TO DISCONTINUE $USDT ON OMNI, BITCOIN CASH SLP, KUSAMA, EOS, AND ALGORAND
35.38K
148
MartyParty
Tether ends support for #USDT on 5 blockchains.
From September 1, 2025, Tether will freeze tokens and disable the possibility of redeeming USDT on the following blockchains:
⊹ Algorand #ALGO.
⊹ Bitcoin Cash SLP #BCH.
⊹ Kusama #KSM.
⊹ EOS #EOS.
⊹ Omni #OMNI.
Tether customers should redeem or reissue tokens on other networks, and the rest should migrate through third-party services.
30.21K
262
Ni
looks like the early access race is heating up
if the snapshot is tied to the leaderboards, now’s the time to step up your game. @yarm_ai and @mitosisorg are definitely making moves, and kaitoai is keeping things exciting.
who’s ready to secure their spot?
Pauluz
New news about @Yarm_AI just dropped.
A snapshot of the early access Yarmers will be taken soon.
The visual shows several projects featured on @KaitoAI, including @MitosisOrg.
This could mean the snapshot for early access is based on those leaderboards 👀
The current price of Kusama is ₺590.80. Over the last 24 hours, Kusama has decreased by -0.27%. It currently has a circulating supply of 16,754,905 KSM and a maximum supply of 16,754,905 KSM, giving it a fully diluted market cap of ₺9.87B. At present, Kusama holds the 114 position in market cap rankings. The Kusama/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Kusama is an open-source and experimental version of the Polkadot blockchain, built using the Substrate network. It offers a relatively lenient governance system, thus allowing developers to build and upgrade new blockchain projects quickly. KSM is the name and ticker of the project's native token.
Kusama utilizes a multi-chain network with a relay chain, parachains, and bridges. While Polkadot focuses on maintaining high levels of security, Kusama is designed to absorb the risks of early experimentation by acting as a testnet. It is also cheaper to deploy projects on Kusama than on Polkadot, making it attractive for early-stage projects. The minimum requirement for staking as a validator is also lower, increasing its accessibility to users. However, Kusama supports a limited number of parachains, currently 100, booked through slots and allocated through an open auction for high-value bidders.
The three main ecosystem governance participants are the KSM token holders, the council, and the technical committee based on the Nominated Proof of Stake (PoS) consensus. The on-chain governance model uses simple, stake-based voting schemes to make any required changes to the network. As a result, Kusama is four times faster than Polkadot, with the voting and enactment process executed within 15 days.
KSM price and tokenomics
KSM has a total supply of 10 million and is subject to an annual inflation rate of 10%. Therefore, the token allocation of newly minted tokens depends on the proportion of KSM staked by network participants. If upheld, the ideal staking ratio is set at 50%, giving KSM validators new tokens. The excess goes to the treasury if this ratio has a positive deviation. However, validators will receive fewer tokens with a negative deviation, affecting the KSM price.
The quicker governance structure and rapidly expanding Polkadot ecosystem drive demand for KSM tokens. Polkadot price fluctuations also affect KSM's price. KSM was initially released through an airdrop and distributed to accounts that participated in the sale of DOT, Polkadot's token, at a ratio of 1:1. It also had a sale option for those who did not hold any DOT tokens at the time.
About the founders
Backed by strong players in the crypto ecosystem, Kasuma shares the same founders as Polkadot - Gavin Wood, Peter Czaban, and Robert Habermeier. Wood, the co-founder and former CTO of Ethereum, invented several fundamental elements of blockchain development, including Solidity, Whisper, and Proof of Authority (PoA) consensus. He also currently serves as the president and founder of the Web3 Foundation.
Czaban, an Oxford alumnus, is the chief technology officer at the Web3 Foundation, while Habermeier, a fellow at Thiel, is a longtime member of the Rust community. KSM also has a team of over 100 blockchain engineers and strategic advisors helping shape the project's future. Kusama is funded by the Web3 Foundation and private investors such as Master Ventures, who funded the entire Polkadot ecosystem.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.2K new posts about Kusama, driven by 628 contributors, and total online engagement reached 121K social interactions. The sentiment score for Kusama currently stands at 85%. Compared to all cryptocurrencies, post volume for Kusama currently ranks at 3719. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Kusama.
Powered by LunarCrush
Posts
1,190
Contributors
628
Interactions
120,930
Sentiment
85%
Volume rank
#3719
X
Posts
592
Interactions
61,932
Sentiment
83%
Kusama FAQ
What is KSM?
Kusama is Polkadot's sister network with specialized blockchains built using Substrate. It provides a testing ground for developers to deploy new projects with a faster governance cycle. Projects can also choose to use Kusama or Polkadot as their primary environment. Many choose to run parachains on both, with Kusama as a pre-production environment. KSM is the native token of Kusama. Holders of KSM, along with an elected council, make governance decisions in a democratic process.
How does KSM's slot booking work?
Developers can rent space at a low cost to build projects on Kusama using slots allocated in three ways. First, users can book them through a permissionless auction by locking up their KSM tokens for a specified period. Smaller projects that may not be able to inhabit an entire parachain can opt for parathreads, a smaller version of parachains with the same API but executed on a pay-as-you-go basis with an auction for each block.
Where can I buy KSM?
Easily buy KSM tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include KSM/USDT.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into KSM, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Kusama worth today?
Currently, one Kusama is worth ₺590.80. For answers and insight into Kusama's price action, you're in the right place. Explore the latest Kusama charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Kusama, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Kusama have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Socials