Can Tether Keep Its Crown? Rising Rivals Challenge Its Stablecoin Dominance

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In this age of increasingly tight global regulations and the fervent demand for transparency, Tether’s reign as the undisputed king of the stablecoin world is being threatened. Emerging stablecoins—oh yes, the shiny new challengers—are circling like hawks, ready to take over the throne.

The Crumbling Empire of Tether

SMQKE, a sage in the realm of crypto, has graciously shared a report predicting that Tether’s once iron-clad dominance in the stablecoin sector is nearing its end. The report notes that Tether will be “overtaken by regulated stablecoins like the RLUSD”—because, of course, regulations are totally in fashion right now.

As global regulations spring into existence like weeds in a garden, one of the few assets that actually fits the mold is Circle’s USDC. This sweet little stablecoin has already secured a gold star in the form of approval from the Markets in Crypto-Assets Regulation (MiCA). Tether? Well, it’s too busy dodging regulators’ pleas for transparency—leaving the door wide open for rivals to take over.

And sure enough, USDT’s position is being chipped away by other stablecoins such as USDP, PYUSD, USDG, and RLUSD, which come with the official seal of approval. These coins play by the rules and back themselves up with solid, liquid assets. What a concept, right?

A Grand Farewell to Tether’s Blockchains

In a dramatic twist, Tether is announcing a departure from some of its most beloved chains. Yes, you heard it right—Tether is shaking things up by saying goodbye to USDT support on five major blockchains. So long, and thanks for all the tokens!

The company, which first brought blockchain to the masses, is streamlining its operations by discontinuing support on chains like Omni Layer, Bitcoin Cash, Kusama Network, EOS Network, and Algorand. This bold move is set to take place in September 2025—because who doesn’t love a well-timed exit?

The report also kindly reminds holders of USDT on these outdated chains to redeem or migrate their tokens to the “cooler” chains, or face the cruel fate of losing their funds. It’s all part of Tether’s grand master plan to focus on liquidity and security (and let’s face it, efficiency—because we all know that’s the true currency). Good luck to those who don’t act in time!

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2025-07-14 21:13