Tether will move 1 billion USDT from the Tron blockchain to Ethereum The stablecoin issuer Tether intends to move 1 billion USDT or about 7% of the circulating volume from the Tron blockchain to Ethereum. The operation will be carried out in two tranches tomorrow, September 15th.

Tether will move 1 billion USDT from Tron blockchain to Ethereum

The stablecoin issuer Tether intends to move 1 billion USDT, or about 7% of the circulating volume, from the Tron blockchain to Ethereum. The operation will be carried out in two tranches tomorrow, September 15.

“Tether will partner with a third party to execute two swaps for 1 billion USDT. The total USDT supply will not change in the process, ”the company says..

Typically, a stablecoin swap is done to match supply with demand across different blockchains. In the past, Tether has hired third-party cryptocurrency exchanges for these purposes, in particular Binance..

This is the second major transfer of USDT from Tron to Ethereum. The company also moved 1 billion USDT last month.

The latest transaction indicates that USDT continues to attract increased demand from Ethereum users. At the same time, Tether is trying to reduce the load on the cryptocurrency network by adding support for alternative solutions such as OMG Network and Solana. USDT is also available on Algorand, EOS, Liquid Network and Omni systems.

Earlier, the company announced that it managed to return 1 million USDT to a user who mistakenly sent assets to the address of the wrong contract..

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Tether will move 1 billion USDT from the Tron blockchain to Ethereum The stablecoin issuer Tether intends to move 1 billion USDT or about 7% of the circulating volume from the Tron blockchain to Ethereum. The operation will be carried out in two tranches tomorrow, September 15th.

Tether will move 1 billion USDT from Tron blockchain to Ethereum

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