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Tether (USDT) is evolving and may end up moving more coins to the Ethereum (ETH) network. A day earlier, Binance announced it would close withdrawals for Omni-based USDT, and switch to ERC-20 wallets, in effect serving as a token swap mechanism. Later, the CTO of Tether, Paolo Ardoino, explained the move, by stating that more USDT would be moved.
https://twitter.com/paoloardoino/status/1146723115734581248
Tether will burn some of the tokens, but end up with a higher supply on the Ethereum network. Currently, there are 1.2 billion ERC-20 tokens, with 100 million tokens minted on July 4.
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