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Tether: will coordinate with a third-party exchange to conduct on-chain conversion of USDT, and the total supply will remain unchanged
PANews November 6th news, stablecoin issuer Tether announced that within a few hours, Tether will coordinate with a third-party well-known exchange to conduct on-chain conversion, converting some of its USDT cold wallets from different blockchains to USDT on ETH. During this process, the total supply of USDT will remain unchanged. The specific allocation is as follows (subject to change): 1 billion USDT on-chain on TRC20, 600 million USDT on-chain on AVAX (C), 300 million USDT on-chain on NEAR, 75 million USDT on-chain on CELO, and 60 million USDT on-chain on EOS will all be converted to USDT on-chain on ETH.