Tether Discontinues USDT on Five Blockchains as Strategy Holdings Hit $70B

Tether has announced its decision to discontinue USDT stablecoin support across five blockchain networks, including EOS, effective September 1, 2025. This strategic consolidation reflects the company’s shift toward focusing resources on high-traffic blockchain ecosystems that demonstrate stronger user adoption and transaction volumes. The move comes as circulation data shows declining USDT usage on these legacy networks, prompting Tether to streamline operations and reduce operational costs while maximizing efficiency on more active blockchain platforms.

Meanwhile, corporate cryptocurrency adoption continues gaining momentum as Strategy’s digital asset holdings have surpassed $70 billion, significantly exceeding the company’s traditional revenue of $463 million. This substantial cryptocurrency investment has contributed to Strategy’s market capitalization reaching $122.1 billion, with itcoin">Bitcoin representing the largest component of their expanding digital asset portfolio. The massive allocation signals institutional confidence in cryptocurrency’s long-term viability and demonstrates how major corporations are increasingly viewing digital assets as strategic treasury investments rather than speculative holdings.

The decentralized finance sector is experiencing robust growth, exemplified by Solana-based Kamino Finance achieving a $4 billion total value locked milestone. This achievement coincides with Solana’s impressive transaction processing capabilities, handling approximately 65 million daily transactions by June 2025, positioning the blockchain as a leading platform for DeFi applications. Kamino Finance’s success leverages Solana’s high-performance infrastructure to deliver efficient decentralized financial services, attracting significant investor participation and demonstrating the scalability advantages that draw users to the Solana ecosystem.

These developments collectively illustrate the cryptocurrency market’s maturation, with established players like Tether optimizing their infrastructure, institutional investors making substantial commitments, and DeFi platforms achieving significant growth milestones. The convergence of operational efficiency improvements, institutional adoption, and DeFi expansion suggests a strengthening foundation for the broader cryptocurrency ecosystem as it continues evolving toward mainstream financial integration.

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