A slice of Tether (USDT) was moved on EOS block-chain

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Tether, the most popular and controversial dollar-pegged stable-coin, has moved a big chunk to the EOS block-chain. This move becomes a routine, and the amount of USDT currently on EOS has reached 85 million.

The last batch of swapped Tether was valued at $50 million, adding to two previous transactions, 10 million on 29th of August and 25 million on the 4th of September. The rest of USDT remains on the Tron and Ethereum network.

Tether was a main topic of discussions, and often involved in gossips and controversy and still disputes the allegations of market manipulation brought in court. However, the New York Court  still investigates number of businesses behind the Tether cryptocurrency, with no formal accusations of fraud or other wrongdoing.

Their Chinese Yuan-Pegged Stable coin on the Ethereum chain didn't recorded the forecasted success, and the one year anniversary has shaded by the failure. The Tether Euro (EURT) is still under discussions but no clear follow-up was set.

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Comments

Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies

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4 years ago

Thanks for sharing the good article.

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4 years ago

i'm still skeptical about tether...i think it's only a matter of time before they face serious charges from what i have read.

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4 years ago

Tether is always involved in scandals

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4 years ago

Good information about Tether. ❤️ It's also growing

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4 years ago

Tether was the biggest slice of all stablecoins

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4 years ago

Stablecoin means the nature of tether is like doller, isn’t it?

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4 years ago

Yes... Will always be valued at $1

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4 years ago

Great article

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4 years ago

Nice article.

Is it possible that you meant $50 million here?

"The last batch of swapped Tether was valued at $50"

$ 0.01
4 years ago

Definitely millions :)) Tether done the swap not me

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4 years ago

Haha. 😂👍

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4 years ago

dear you are sharing everyday a new and great article that I must like this

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4 years ago