Tether's $1 Billion USDT Chain Swap: What the Tron Move Means for Crypto
Tether USDT chain swap operations hit a milestone with a $1 billion move to the Tron blockchain. This shift changes how the cryptocurrency market works. The USDT transfer works with a major exchange and helps blockchain scalability. The total supply of the world’s biggest stablecoin stays the same. In the next hours Tether will coordinate with a 3rd party prominent exchange to perform a chain swap, converting part of their $USDt cold wallets from different blockchains to $USDt on Tron. The #tether $USDt total supply will not change during this process. Amount (subject to… — Tether (@Tether_to) January 6, 2025 Also Read: Ripple’s RLUSD Outshines PayPal and Euro: Could RLUSD Hit $1.80? Understanding Tether’s $1 Billion Chain Swap on Tron Blockchain and its Impact on Crypto Markets Source: StormGain Strategic Transfer Details Source: CoinMarketCap The Tether USDT chain swap moves tokens from various blockchain cold wallets to Tron’s network. “The process will not al...