Tether moves over $1 billion to Ethereum and Avalanche

16.05.2022 08:45
by Anđelija Anđelić
1 min read

Tether moves over $1 billion to Ethereum and Avalanche

The developers of the USDT stablecoin from Tether Limiten assured traders of the reliability of the crypto. Tether representatives warned holders of speculators trying to capitalize on the manipulation of opinions.

Representatives of Tether Limited announced that they are going to move more than $1 billion worth of stablecoins from the Tron blockchain to Ethereum. Another $20 million will be moved to Avalanche. According to the announcement, this will not change the total supply of USDT.

The announcement comes amid fears of a collapse in the stablecoin due to the recent drop in Terra (LUNA) and TerraUSD (UST).

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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