Millions of USDT to Be Swapped On-chain, Here's Potential Impact

Tether Holdings, the blockchain start-up behind the issuance of the USDT stablecoin, has announced its plans to conduct a major chain swap for the token. Per the announcement, a total of $750 million worth of USDT will move from the Tron (TRX) blockchain to the Ethereum (ETH) protocol.