Tether (USDT) to Enlist Third-Party Help to Transition from TRC20 to Ethereum and Avalanche

in tether •  2 years ago 

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the biggest stablecoin in terms of market value, has announced it was performing a "chain swap" with a yet undisclosed third party after it fell today to lows of $0.941 on Coinbase. The announcement on its official Twitter handle reads: "In few minutes Tether will coordinate with a 3rd party to perform a chain swap, converting from Tron TRC20 to Ethereum ERC20, for 1B USDt and from Tron TRC20 to Avalanche, for 20M USDt. The #tether total supply will not change during this process."

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2 years ago by

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