Likewise, the TRON blockchain may have problems, as Ethereum begins to expel its clumsy competitor.
August 20The issuer of the stablecoin Tether announced the migration of 1 billion USDT, secured by US dollars, the TRC20 standard in the Ethereum network, which was made on the basis of a single bios.
As stated in the Tether tweet, the note goes exclusively to swap and the total issuance of the stablecoin will not increase.
And although Tether did not give the name of the trader, everything refers to Binance, which sent $ 600 million in Tether's designation to the TRON blockchain.
The exchange will take place in the background of the booming DeFi market, which is pushing Ethereum and other ERC20 tokens upward, driving the volume away from TRON.
Token Swap Tether will reduce the supply of tokensTether TRC20 based on TRON from $ 4, 3 billion to $ 3, 3 billion, simultaneously increasing the price of Tether ERC20 based on Ethereum to $ 8.5 billion. Tether's statement emphasizes that the total supply of USDT, which currently exceeds $ 12 billion, will remain unchanged.
Bo the time of the recent launch of the Tether cryptocurrencyissued billions of additional USDT, increasing the offer from $ 10 billion on June 22 to more than $ 12.6 billion today, which is a 25% increase in two months. For this reason, Tether became the largest source of overload in the Ethereum block, it received 14% of all transactions.
Recently OMG network (earlier Omise GO) startedTether transactions as a solution for scaling Ethereum Laer 2, to remove some of this traffic from the main Ethereum block in an attempt to reduce the copy of the copy of the copy
One way or another, this step signals an increase in the gap between Ethereum and its competitors.
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