iHodl.com
Tether, the company behind the USDT stablecoin, said it will perform a chain swap, converting 1 billion USDT from Solana (SOL) to Ethereum (ERC20).
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
Although the company declined to explain what made it to do such an update, it said in a tweet that USDT’s total supply “will not change during this process.” With the latest move, USDT’s supply on Solana has been decreased to ~1.8 billion tokens, according to data from Explorer Solana.
The move comes shortly after Tether reassured its clients on its website that USDT issued on Solana is “the same as USDT issued on any other chain.” As company explained:
“Alameda’s heavy involvement in Solana doesn’t impact the underlying dynamics of how USDT functions and USDT issuance works whatsoever.”
Solana Labs COO Sees ‘Crucible Moment’ for Ecosystem as SOL Plunges 40%
Tether also suggested that the move to suspend deposits of Solana-based USDTs on several crypto exchanges is likely “just due to the heavy connections between FTX, Alameda, and Solana.”
Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
Источник: ru.ihodl.com
