It is not immediately clear what prompted today’s change. Although many respondents to the above tweet have called upon TRON founder Justin Sun to confirm whether the move is business as usual or part of a larger Tether movement away from TRON, he remains quiet for now. Usually active on social media when it comes to all things TRON, to the best of BeInCrypto’s knowledge, neither Sun or the TRON Foundation have published any details relating to the chain swap. Also, Tether has made no official statement, other than the above tweet, on the large migration back to Ethereum. Paolo Ardoino, the Chief Technical Officer at both Bitfinex and Tether, is usually forthcoming with details surrounding big movements of USDT. He reported the migration in a similarly-scant-of-information tweet. Ardoino also linked to an older article on chain swaps that shines little additional light onto the current TRON to Ethereum migration.In one hour Tether will coordinate with a 3rd party to perform a chain swap (conversion from Tron to ERC20 protocol) for 300M USDt.
— Tether (@Tether_to) February 20, 2020
Tether total supply will not change during this process.
For now, observers will have to guess at the motives behind today’s Tether chain swap. BeInCrypto will report on further developments to the story as they occur.🚨 Transparency 100%
— Paolo Ardoino (@paoloardoino) February 20, 2020
And if you want to learn more about chain swaps:https://t.co/Y1bqxZglgR
CC @whale_alert https://t.co/yKdFuf7Tme
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