Tether Moves 500 million USDT from TRON to Ethereum

Tether Moves 500 million USDT from TRON to Ethereum

By Abhi K | News | 12 Aug 2020


On August 10, Tether (USDT) moved 500 million USDT from TRON (TRX) to Ethereum (ETH).

  • Tether and a third party, which appears to be Binance, coordinated to swap the funds between blockchains
  • Total supply has not changed
  • Tether has explained that exchanges will sometimes ask for a chain swap to make up for a deficit on a particular blockchain
  • Tether and Binance completed a $300 million chain swap in February 2020
  • There is approximately $4 billion USDT on TRON, according to Tether’s balance disclosure
  • Tether launched on TRON in May 2019
  • Tether’s supported blockchains include Algorand, EOS, Ethereum, Liquid Network, Omni, OMG Network and TRON

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Abhi K
Abhi K

Technophile, cryptocurrency enthusiast and journalist.


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