Tether: The USDT on-chain conversion will be coordinated with the trading platform in the next few hours, and the total supply will remain unchanged.

robot
Abstract generation in progress

On November 6th, stablecoin issuer Tether announced that in the next few hours, Tether will coordinate with third-party trading platforms to conduct on-chain conversion, converting part of its USDT cold wallet from different blockchains into USDT on ETH. During this process, the total supply of USDT will remain unchanged. The specific allocation is as follows (may be subject to change): 1,000,000,000 USDT on TRC20 on-chain, 600,000,000 USDT on AVAX(C) on-chain, 300,000,000 USDT on NEAR on-chain, 75,000,000 USDT on CELO on-chain, and 60,000,000 USDT on EOS on-chain will all be converted into USDT on-chain on ETH.

ETH-3.19%
AVAX-0.21%
NEAR-2.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)