Tether: Will coordinate with third-party exchanges to carry out USDT chain conversion, the total supply remains unchanged

Stablecoin issuer Tether announced that within a few hours, Tether will coordinate with well-known third-party exchanges to carry out on-chain conversions, converting some of its USDT cold wallets from different blockchains into USDT on ETH. During this process, the total supply of USDT will remain unchanged. The specific allocation is as follows (subject to change): 1 billion USDT on TRC20 chain, 600 million USDT on AVAX(C) chain, 300 million USDT on NEAR chain, 75 million USDT on CELO chain and 60 million USDT on EOS chain will all be converted into USDT on the ETH chain.