TRX News

Tether is moving 1 billion more USDT coins from TRON to Ethereum blockchain – Yahoo Finance


Stablecoin issuer Tether is set to move 1 billion more USDT coins, or around 7% of its total supply, from TRON to the Ethereum blockchain.

swap will be performed in two tranches tomorrow, September 15. Tether said it would coordinate with a third party (an unnamed crypto exchange) for the swap. "A tier 1 exchange asked to swap," Tether CTO Paolo Ardoino told The Block.” data-reactid=”20″>The swap will be performed in two tranches tomorrow, September 15. Tether said it would coordinate with a third party (an unnamed crypto exchange) for the swap. “A tier 1 exchange asked to swap,” Tether CTO Paolo Ardoino told The Block.

Stablecoin chain swaps are generally performed when users demand to trade on one blockchain instead of another. Issuers and exchanges usually don’t make such decisions themselves.