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Today, in about 4h, an exchange will convert 2B #tether
TRC20 to ERC20.
You'll see multiple ERC20 authorisations, followed by TRC20 <=> ERC20 swaps and a final TRC20 burn.
As result of this operation the number of issued Tethers in circulation won't change.
@Tether_to $USDt
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Transparency.
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Because USDt ERC20 Chain having big demand from Institutional and others. So this 2B will be to pump the market in the end. *My Thesis
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Did you even read the tweet till the end? USDT SUPPLY DOESN'T CHANCE. This is like having $100s in your right back pocket, taking it out, putting it back in the left one and than dreaming about what you'd buy with $200s.
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chunky
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What will it do to de overall market you think?
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Sun’s out, guns out
@udiWertheimer -
What does it mean?
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Having 2b usd worth of tether on TRON is insane. Justin Sun has absolute control over that chain and he controls that money. If he wanted he could very easily stop this conversion.
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Vitalik have full control over ETH. So what?
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