Tether has warned about the movement of large volumes of USDT between blockchains

Tether has warned about the movement of large volumes of USDT between blockchains

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Paolo Ardoino, technical director of Bitfinex and Tether, announced the transfer of part of the USDT offer from Omni protocol to ERC-20.

. @Tether_to is working with an exchange to perform a swap from Omni to ERC20 of part of its USDt cold wallet.

– Paolo Ardoino (@paoloardoino) August 5, 2019

“Tether is working with the exchange to transfer from Omni to ERC20 a part of USDT on a cold wallet”

In the next tweet, Ardoino pointed to one of these major transactions, in which 100 million USDT are involved.

Please read here: https://t.co/z8bZit87EH https://t.co/XxZCo0jD7C

– Paolo Ardoino (@paoloardoino) August 5, 2019

On the Tether website, you can see the amount of USDT based on various blockchains:

So far, USDT stablecoins based on Omni prevail in circulation – 2.82 billion, while the supply of “stable coins” of the ERC-20 standard has already reached 1.45 billion. 107 million USDT were issued on the Tron blockchain, 251 million on EOS, and while only 61,000 stablecoins “live” in the Liquid Network.

Recall that last month Tether announced the release of USDT on the Algorand blockchain.

Tether has warned about the movement of large volumes of USDT between blockchains

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