• Consulting 24

Stablecoin Tether is relocating 1 billion USDT coins to Ethereum blockchain

Stablecoin maker Tether is going to move 1 billion USDT coins from TRON to Ethereum blockchain, so it is about 8% of its complete stock. 



Paolo Ardoino who is Tether's CTO told The Block that "a cryptocurrency exchange is willing to swap part of its Tethers from TRC20 to ERC20."


He rejected to tell the exchange, but The Block has discovered that it probably going to be Binance. Binance did not reply to a question by press time.


With the chain swap, USDT's quantity on Ethereum will now rise to 8.5 billion, right now it is about 7.50 billion. At the same time, the supply on TRON would shrink from 4.30 billion to 3.30 billion. The current total supply of USDT is more than 13 billion.


It is worth telling that stablecoin chain swaps usually happen when users require to trade on one blockchain rather than another. Issuers and exchanges normally don't choose themselves.


Tether also went active on the OMG Network to decrease congestion on the Ethereum blockchain yesterday. Tether presently runs on seven blockchains: Algorand, Ethereum, EOS, Liquid Network, Tron, Omni, and OMG Network.


More information about company and crypto license registration in Estonia: www.consulting24.co

Consulting24 OÜ is the fastest-growing consultancy company in Estonia by volume and has obtained over 300 crypto licenses. We have both tailored and ready-made companies for sale. Consulting services cover: company registration in Estonia, acquire a crypto license, open crypto-friendly banking, local/director AML recruitment, accept debit/credit card payments, draft terms & conditions.

If you are interested in services, contact us mardo@consulting24.co

#tether #binance #stablecoin#bitcoinvalue #digitalcurrency #technology #bitcoin #crypto #cryptocurrencyconsulting #blockchain #cryptocurrencyconsultingfirm #consulting24 #estonianmafia #estonia #companyinestonia #companyformation #companysetup

2 views
CONTACT US
WE ARE HERE

Rävala puiestee 19, Tallinn, 10143, Estonia

Email :      info@consulting24.co

Phone :    +372 5815 5779

strongest_logo_1Y_gold_eng.png
OFFICIAL CHANNELS

banner-transparent-library-svg-vector-fr
unnamed.png
cf42debc3acfa9457ee8a8c40d68ef11_social-

​© 2018-2020 Consulting24.co is brand of Heaven Invest OÜ I Service provider of trust funds and companies I Operating license nr. FIU000276