Tether Moves $1B From TRON to Ethereum

By Abhimanyu Krishnan | News | 24 Aug 2020

Tether (USDT) has conducted a token swap at the request of an exchange, moving $1 billion from the TRON (TRX) network to Ethereum (ETH), according to a tweet posted on August 19.

  • Tether shifted $1 billion worth of USDT from TRON to Ethereum
  • Exchanges often request a chain swap to ensure sufficient liquidity
  • The swap follows the integration of Tether and OMG network, with the latter’s Plasma scaling solutions boosting throughput and reducing costs of USDT transactions
  • Tether conducted another chain swap of 500 million from TRON to Ethereum on August 12

How do you rate this article?



Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.