Tether will swap $1 billion in USDT stablecoins for the second time in less than a month from the Tron blockchain into the Ethereum network on behalf of an unnamed client.
Stablecoin issuer Tether is preparing for yet another big transfer of its dollar-pegged USDT tokens.
Tether, the largest stablecoin provider in the crypto ecosystem, announced today that it will work with a third-party client, presumably a yet undisclosed cryptocurrency exchange, to move $1 billion worth of Tethers (USDT) from the Tron blockchain to the Ethereum blockchain. It’s the second time Tether performs such an action in the last 30 days.
Source:
https://decrypt.co/41752/another-1-billion-tether-leave-tron-for-ethereum