Express

Almost 12% Of Tether Is Now On Tron Due To Chain Swap

Janelle Fox

Summary: Tron (TRX) blockchain now accounts for almost 12% of all Tether (USDT) tokens issued, due to a chain swap, according to Tronscan. The TRC20-based USDT has reached a total of over 490 million tokens since its launch in mid-April 2019. This makes up 12% of the 4.1 billion Tether tokens currently in circulation. The reason ...

Tron (TRX) blockchain now accounts for almost 12% of all Tether (USDT) tokens issued, due to a chain swap, according to Tronscan.

The TRC20-based USDT has reached a total of over 490 million tokens since its launch in mid-April 2019. This makes up 12% of the 4.1 billion Tether tokens currently in circulation. The reason for the new milestone comes from the 100 million newly added TRC20-based USDT tokens, according to the Tron Foundation.

The newly added coins according to Bitfinex CTO Paolo Ardoino, is the outcome of a chain swap from Ethereum’s ERC-20 tokens to Tron.

By Janelle Fox

Last Update:

Tags: ,,,
Link: Almost 12% Of Tether Is Now On Tron Due To Chain Swap   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 14 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 21 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 25 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 28 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025

    • You need to login to comment.