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    Home » 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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    By BlockchainJournal on August 5, 2019 News
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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 on the basis of 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 .

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