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

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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