Tether, top crypto exchange to swap $1b USDT to Tron network
Tether and a top third-party cryptocurrency exchange have announced a chain swap that will move $1 billion USDT from other blockchains to the Tron network.
On Jan. 6, stablecoin issuer Tether posted on X that it plans to coordinate with a major exchange to facilitate the chain swap.
According to the announcement, the coordination will see Tether and the exchange convert a portion of the third party provider’s Tether (USDT) held in cold wallets to the Tron (TRX) network. The USDT will be swapped from different blockchains.
Tether’s USDT is available on multiple blockchains, including Ethereum, Tron, and Solana. The stablecoin issuer clarified that the chain swap will not impact the total supply of USDT.
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