September 27, 2020

Tether transferred 300 million USDT from Omni blockchain to Ethereum

Tether transferred 300 million USDT tokens from the Omni blockchain to the Ethereum standard ERC-20.

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The tweet also says that Token migration was carried out with the participation of an unnamed third party. At the same time, the company assured that the aggregate supply of USDT will not increase as a result of the operation.

Almost together with the statement of the largest issuer of stablecoins, the Whale Alert Twitter account recorded the corresponding operations.

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After that, the share of Ethereum-based stablecoins (44%) exceeded the share of coins based on Omni (39%):

Tether transferred 300 million USDT from Omni blockchain to Ethereum

Data: reporting at Tether.io

To date, the proportion of TRC20 standard coins is 18%. Tether also released some “stable coins” based on EOS and in the Liquid sidechain.

ForkLog previously reported that the popularity of the Tether stablecoin as a means of payment is growing thanks to online gaming sites and cannabis stores.