TechFlow news, on November 6, Tether, the stablecoin issuer, announced that within a few hours, Tether will coordinate with third-party well-known exchanges to conduct an on-chain conversion, moving part of its USDT cold wallets from various blockchains to USDT on Ethereum. During this process, the total supply of USDT will remain unchanged.
The specific distribution is as follows (subject to change): 1,000,000,000 USDT on TRC20, 600,000,000 USDT on AVAX (C), 300,000,000 USDT on NEAR, 75,000,000 USDT on CELO, and 60,000,000 USDT on EOS will all be converted to USDT on Ethereum.
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