Tether launches recovery tool to migrate USDT between blockchains
Tether will allow users to move their USDT between blockchains in the event any of the operated blockchains becomes unresponsive.
Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether (USDT) stablecoin between different blockchains amid USDT hitting a $100 billion market capitalization.
Tether announced the launch of a blockchain recovery plan on March 4 to ensure stable access to USDT in case of disruptions faced by one of multiple blockchain networks used for USDT transactions.
According to data from Tether, USDT resided on 14 blockchains as of March 4, including Tron, Ethereum, Solana, Avalanche, Omni and other networks. Tron and Ethereum are the two largest blockchains for USDT, accounting for 51% and 43% of all issued USDT.
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