• The company announced a swap between blockchains.
  • One of the transactions involved tokens worth over $100 million.

     
Paolo Ardoino, a technical director of Tether company and a cryptocurrency exchange Bitfinex, announced recently that USDT tokens would be partially transferred from Omni protocol to ERC-20.

"@Tether_to is working with an exchange to perform a swap from Omni to ERC20 of part of its USDT cold wallet," he wrote in his Twitter account.

In the next tweet, Ardoino pointed out to one of such transactions in whale alerts that involved over 100 million USDT. He also explained a series of whale alerts by the transition.

The statistics on the amount of USDT tokens available on various blockchains are published on Tether's website.

Currently, over half of all Tether coins are Omni-based (they are worth $2/82 billion). The issuance of ERC-20 standard-based coins reached $1.45 billion. USDT tokens worth of 107 million is issued on Tron's blockchain. EOS network has USDT worth of $251 million.Meanwhile, in July, Tether announced USDT issuance on Algorand blockchain. Read more about the launch here

Also, it is worth noting that in July Tether accidentally mined coins worth of $5 billion while moving them from Omni platform to Tron's blockchain.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin attempts a dead cat bounce amid a descending channel

Bitcoin (BTC/USD), the most dominantly traded cryptocurrency, is seen attempting minor recoveries on the 9900 handle, having extended the recent declines to 9,850.65, in the wake of a symmetrical triangle breakdown on the hourly sticks seen on Saturday.

More Bitcoin News

Top 3 Coins' Price Prediction: Bearish bias intact despite tepid recovery attempts

The world’s no. 1 digital coin, Bitcoin, is seen driving the broader market. However, the third most traded cryptocurrency, Ripple, fails to benefit, as it continues to lose nearly 4% so far this Sunday. 

More Cryptocurrencies News

Bitcoin Cash: Choppy inside falling wedge, with limited upside

Bitcoin Cash (BCH/USD) breached Thursday’s low of 302.41 but managed to hold the 302 handle before staging a comeback.  Despite the latest recovery attempt, the price is down 3% in the last 24 hours.

More Bitcoin Cash News

IOTA technical analysis: Sell the bounce, as bears still eye 0.2550/25

IOTA (IOT/USD), the 17th largest cryptocurrency, risks further downside in the near-term amid bearish technical setups on different time frames. 

More IOTA News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin weekly forecast: Let the altcoin season begin

All major altcoins demonstrated strong growth while Bitcoin reluctantly oscillated in a tight range and stayed vulnerable to bearish sentiments. The first digital currency spends the best part of the week hovering around $10,200 level.

Read the weekly forecast

BTC

ETH

XRP