Tether (USDT) Starts Migration to Ethereum Network
Tether (USDT) is evolving and may end up moving more coins to the (ETH) network. A day earlier, Binance announced it would close withdrawals for Omni-based USDT, and switch to ERC-20 wallets, in effect serving as a token swap mechanism. Later, the CTO of Tether, Paolo Ardoino, explained the move, by stating that more USDT would be moved.
Tether will burn some of the tokens, but end up with a higher supply on the Ethereum network. Currently, there are 1.2 billion ERC-20 tokens, with 100 million tokens minted on July 4.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
View original post