Tether And Binance Announced To Collaborate On A 3 Billion USDT Cross-chain Exchange
Tether’s official Twitter account announced on December 13 that the company will work with Binance to conduct the USDT Exchange.
The firm will work with Binance to perform a chain switch, converting Tron to Ethereum ERC20, for 3 billion USDT. The total supply of #tether will not change during this operation.
This procedure enables traders to gain access to the different blockchains that support the cryptocurrency they are holding, allowing them to utilize their digital assets on these other supporting blockchains.
For example, because Tether (USDt) is on the Omni, Ethereum, Tron, EOSIO, and Liquid blockchains, users can use their USDT holdings to gain access to any of these five blockchains. A trader can “switch” the blockchain on which their USDt is now functioning for another supporting blockchain.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Author
News
Tether And Binance Announced To Collaborate On A 3 Billion USDT Cross-chain Exchange
Tether’s official Twitter account announced on December 13 that the company will work with Binance to conduct the USDT Exchange.
The firm will work with Binance to perform a chain switch, converting Tron to Ethereum ERC20, for 3 billion USDT. The total supply of #tether will not change during this operation.
This procedure enables traders to gain access to the different blockchains that support the cryptocurrency they are holding, allowing them to utilize their digital assets on these other supporting blockchains.
For example, because Tether (USDt) is on the Omni, Ethereum, Tron, EOSIO, and Liquid blockchains, users can use their USDT holdings to gain access to any of these five blockchains. A trader can “switch” the blockchain on which their USDt is now functioning for another supporting blockchain.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Other Posts
Related Posts
Latest
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens
Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero
Press Release
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens
