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Cryptocurrency News

Tether to move over 1B USDT from Tron to Ethereum and Avalanche

05/12/2022

Less than a minute

2022.05.12 15:42

Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC-20 to Ethereum and Avalanche’s blockchain.

In a tweet, Tether said that 1 billion USDT will be moved from Tron’s blockchain to Ethereum. On the other hand, an additional 20 million USDT will be converted to Avalanche. According to Tether, this will not change the total supply of the stablecoin.

Source

05/12/2022

Less than a minute