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Paolo Ardoino Announces USDt Transfer from Tron to Ethereum | Flash News Detail | Blockchain.News

Paolo Ardoino Announces USDt Transfer from Tron to Ethereum

11/18/2024 3:03:32 PM

Paolo Ardoino Announces USDt Transfer from Tron to Ethereum

According to Paolo Ardoino, Tether has executed another significant transfer, moving 1.5 billion USDt from the Tron network to the Ethereum network. This transfer indicates a strategic reallocation of Tether's stablecoin reserves across different blockchain platforms, which could affect liquidity and trading volumes on these networks. Traders should monitor the impact of this transfer on USDt's availability and potential arbitrage opportunities between the two networks. (Source)

Ethereum Tether TRON USDT Paolo Ardoino

More from Paolo Ardoino (@paoloardoino): Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,