Tether converts $ 750 million from Tron in Ethereum

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Tether kündigte an, dass es sich mit einer Drittbörse abstimmen wird, um einen Kettentausch durchzuführen, da es 750 Millionen USDT von Tron in Ethereum ERC20 umwandeln will. Nach Angaben des Unternehmens wird sich das Gesamtangebot an USDT während dieses Prozesses nicht ändern. Bei einem Chain-Swap-Prozess werden Kryptowährungen von einer Blockchain auf eine andere verschoben, wodurch Händler Zugriff auf die verschiedenen Blockchains erhalten, die die von ihnen gehaltene Kryptowährung unterstützen. Im Allgemeinen ermöglicht es die Nutzung ihrer digitalen Assets auf diesen anderen unterstützenden Blockchains. 1B USDT Mint auf Ethereum Der Entwicklung folgt, dass Tether am Montag eine neue Charge seines USDT …
Tether announced that it will coordinate with a third exchange to carry out a chain exchange, as it wants to convert 750 million USDT from Tron into Ethereum ERC20. According to the company, the overall offer to USDT will not change during this process. In a chain swap process, cryptocurrencies are shifted from one blockchain to another, which gives dealers access to the various blockchains that support the cryptocurrency they have kept. In general, it enables the use of your digital assets on these other supporting blockchains. 1b usdt mint on Ethereum of development follows that Tether on Monday a new batch of his USDT ... (Symbolbild/KNAT)

tether announced that it will coordinate with a third exchange to carry out a chain exchange, as it wants to convert 750 million USt from Tron into Ethereum ERC20. According to the company, the overall offer to USDT will not change during this process.

In a chain swap process, cryptocurrencies are shifted from one blockchain to another, which gives dealers access to the various blockchains that support the cryptocurrency they have kept. In general, it enables the use of your digital assets on these other supporting blockchains.

1b USD MINT on Ethereum

The Development follows that Tether on Monday is worth a new batch of his US DOLLIAL has shaped on the Ethereum blockchain. Paolo Ardoinino, Chief Technology Officer from Tether explains on Twitter that the latest billion dollar dollar is part of the company's storage filling in the Ethereum network. The transaction is authorized, but "not issued", which means that this amount is used as an inventory for the next period of output inquiries and chain swaps.

tether previously explained,

"The inventory filling is the process of creating new USD ₮, which is stored as" authorized but not output "in the treasury stock of Tether. These tokens are not part of the entire market capitalization of USD ₮ because they have not yet been spent or put in circulation. ”

USDT has positioned itself as a crucial part of the infrastructure of the crypto ecosystem and is often used for trading in cryptocurrency exchanges. The issuer, on the other hand, has been exposed to an endless examination of its currency reserves and a lack of transparency.

But this year's debacle in the banking sector and the increasing approach to this asset class have meant that investors have fled in USt, which has significantly reinforced its dominance.

The growing dominance of Tether

The circulation of USDT this week reached a maximum of over $ 83 billion. One of the main factors that have catalyzed the increase is the recent price deviation of the competing, stable coins Trueusd (TUSD).

The dwindling trust of investors in the stablecoin USDC, which also spent by Circle, is another reason that has led to market participants fled the world's largest stablecoin.

Last month Tether announced to expand his presence in Georgia by investing in a payment processing company called CityPay.io. The company also announced plans for the introduction of a sustainable Bitcoin mining operation in Uruguay.

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