Back

Tether Migrates to Multiple Blockchains to Obfuscate Its Transactions: Bloomberg

article image

In case you didn’t notice, there are already multiple versions of the Tether stablecoin, which is responsible for the lion’s share of trading volume on Binance and other major exchanges.

👉 MUST READ Tether to Mint Its Stablecoin on Yet Another Platformrelated article image

According to Bloomberg, the controversial stablecoin issuer is moving USDT to other Blockchains to complicate the task of tracking all of its transactions.

With them being on different blockchains, it’s harder to figure out what’s going on claims Edwin Ong of Blockspur.

EOS became the latest Blockchain to host the USDT stablecoin after TRON and Ethereum.

On July 29, another version of Tether was launched on Blockstream’s Liquid Network.

Cover image via www.123rf.com

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

article writer image
Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings