A slice of Tether (USDT) was moved on EOS block-chain 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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10 comments
Nice article. Is it possible that you meant $50 million here? "The last batch of swapped Tether was valued at $50"
Definitely millions :)) Tether done the swap not me
Haha. 😂👍
Great article
Good information about Tether. ❤️ It's also growing
Tether was the biggest slice of all stablecoins
Stablecoin means the nature of tether is like doller, isn’t it?
Yes... Will always be valued at $1
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.
Tether is always involved in scandals