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
