Tether, the issuer of USDT, the world’s largest stablecoin by volume, announced that they are working in coordination with Binance to move 3 billion USDT from the Tron network to the Ethereum network.
Tether company twitter in a statement on 3 billion USDT‘good Tron (TRC-20) from your network Ethereum (ERC-20) announced that they moved it to the network. The transport process Binance It has been reported that there was no change in the supply of USDT during this transaction, which was coordinated by and is called the cross-Chain swap.
Yesterday Reuters The news that US prosecutors were divided into two and that they could file a lawsuit against Binance or the company’s CEO, Changpeng Zhao, at any moment, had worried users. After this anxious process, Close to $2 billion USDC debuted and Binance briefly USDC suspends withdrawals. on the other hand BUSD and USDT There were no disruptions in their transactions.
The purpose of this transaction is said to be to enable investors to gain access to various blockchains that support the cryptocurrency they hold, thereby enabling their digital assets to be used in these other alternative blockchains.