Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014. Tether will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement. Omni is a software layer built on top of the Bitcoin blockchain. It was designed to enhance … Read more

Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users

Crypto exchange Coinbase (COIN) will suspend trading with USDT, DAI and RAI stablecoins for Canadian users starting at the end of this month, the company said in an email. “We regularly monitor the assets on our exchange to ensure they meet our listing standards,” the note sent to users reads. “Based on our most recent … Read more