Tether Reports the Migration of Significant Amount of USDT
A part of all USDT was switched from Omni-based implementation of the stablecoin to the ERC-20 standard on the Ethereum network, according to Paolo Ardoino, CTO of Bitfinex and Tether.
The next twit shows a 100 million USDT transaction.
The official Tether website contains data on the amount of USDT based on various blockchains:
Omni-based USDT is still dominating with 2,82 billion items, while the volume of ERC-20 has reached 1,45 billion. Tron-based coins are in the amount of 107 million; EOS – 251 million; Liquid Network – 61 000.
We recall that in the framework of the cross-chain adoption development policy, the company is going to implement a stablecoin based on the Liquid Network sidechain and the Liquid Network protocol this year.