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23 September 2019

Tether Mints 300M USDT in Chain Swap, Corresponding Burn Still Awaits

Tether Mints 300M USDT in Chain Swap, Corresponding Burn Still Awaits


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The operator of leading stablecoin USDT, Tether, minted 300 million USDT in a swap from the Bitcoin-based (BTC) tokenization protocol Omni to Ethereum, but the corresponding burn has not yet taken place.

“In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt

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