Tether to move over 1B USDT from Tron to Ethereum and Avalanche
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche. 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. In few minutes....
Related News
During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has seen a much larger transaction count all year long. Tether (USDT) is a dominant stablecoin and it is used on a great number of exchanges as the token is paired with nearly every digital asset that has a market value. USDT commands the third-largest market capitalization with a....
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. 30 Billion USDT Issued on Tron Tether, the largest stablecoin on the market, has released 30 billion USDT as TRC20 tokens on the Tron blockchain, which is the highest amount the stablecoin has […]
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron due to the blockchain’s low transaction fees, which make using it easy and cheap. Tether Reaches 30 Billion USDT Issued on Tron Tether, the biggest stablecoin in the market, has reached a volume of 30 billion USDT issued as TRC20 tokens on the Tron blockchain, being this the highest the stablecoin has issued on top of any chain so far. The....
Tron USDT volume eclipses Ethereum for the third consecutive week.
There are have always been tussles recently between the top two most popular stablecoins, USD Coin (USDC) and Tether (USDT). But recently, USDC is creating a notable milestone as it out-runs Tether on the Ethereum network in terms of the total supply. Since 2016, Tether seems to be the top stablecoin, ranking the most popular. This is after its market sharing with BitUSD and NuBits (USNBT). From its launch in 2014, Tether operated on Omni. However, it later emerged in the limelight as BitUSD and NuBits lost their shedding users and dollar peg, which threw them into obscurity. Related....