The version of Tether released on Ethereum has surpassed the version published on Bitcoin's Blockchain. According to data from Coin M...
The version of Tether released on Ethereum has surpassed the version published on Bitcoin's Blockchain.
According to data from Coin Metrics, Ethereum has finally toppled Bitcoin in terms of the number of USDT Tether tokens issued on its Blockchain.
The @Tether_to flippening finally happened!! It took just under 7 months for $USDT on #ethereum to surpass USDT on omni once it started gaining traction in April. coinmetrics.io/charts/#assets…
It took less than 7 months for USDT on #ethereum to surpass USDT on omni when it started gaining traction in April.
Flip Bitcoin after chain swap
Tether - originally releasing its stablecoin on the Bitcoin-based Omni Layer Protocol - launched a new USDT version on the Ethereum Blockchain in January 2018.
CoinMetrics data shows that it became the most used stablecoin in August based on the number of transactions.
On October 29, the company conducted a massive chain swap with $ 300 million on Omni transferred to the Ethereum Blockchain.
Move to multiple blockchains
On October 28, Justin Sun announced that the total number of Tether on Tron Blockchain has reached 800,000 USDT.
There are also other controversial versions of this stablecoin that will also appear on the EOS and Algorand networks earlier this year. At the end of July, it also debuted on Liquid Network.
Mr. Nerd
