$1 Billion Transaction on Tron Blockchain Sparks Interest

In the early hours of August 6, a super large transaction of US$1 billion worth of USDT stablecoin was transferred from an exchange to an unknown wallet on the Tron blockchain.

USDT Runs on Eight Blockchains

Tether (USDT) is a popular stablecoin whose value is pegged to the US dollar. USDT is a ERC-20 token that currently runs on eight blockchains including Algorand, BCH, EOS, Ethereum, Liquid Network, Omni, Tron and Solana.

Other Recent Whale Transactions

There have been quite a few recent whale transactions including a US$430 million Bitcoin transaction for a fee of $82, although a $0.80 fee would have been enough. This was a $430 million instant settlement with no middleman or banks involved.

In February this year we saw a similar transaction as US$1 billion worth of BTC was moved from an exchange into cold storage.