Stablecoin, the largest cryptocurrency by market capitalization, said it was performing a “chain swap” with a private third party after falling to 95 cents against the dollar. “Within minutes, Tether will coordinate with a third party to perform a chain swap, converting TronTRC20 to Ethereum ERC20 for US $ 1 billion and TronTRC20 to Avalanche for US $ 20 million. # Tether’s total supply is this process. It won’t change during, “Tether said in a validated Twitter account. The cryptocurrency complex has been upset since the slump in the algorithm’s stablecoin TerraUSD.
Tether says it is performing a $ 1 billion swap with a third party as Stablecoin has dropped to 95 cents.
Source link Tether says it is performing a $ 1 billion swap with a third party as Stablecoin has dropped to 95 cents.