August 20, 2020 Tether will move 1B USDT from TRON to Ethereum.

Tether CTO Paolo Ardoino announced today that 1B USDT will migrate from the TRON blockchain to the Ethereum blockchain at the behest of an unspecified cryptoasset exchange. The move will increase the amount of USDT on Ethereum from 7.5B to 8.5B and decrease the amount of USDT on TRON from 4.3B to 3.3B. Tether also announced today that it would begin placing assets on OMG Network.