Stablecoin Issuer Tether (USDT) Stops Support for Bitcoin Layer Omni Citing Lack of Demand

“Over the years, the Omni Layer faced challenges due to the lack of popular tokens and the availability of USDT on other blockchains. This led many exchanges to favor alternative transport layers, leading to a decline in USDT usage on Bitcoin using the Omni Layer,” Tether said in the announcement.