On November 6, 2024, Tether carried out a major cross-chain swap that moved more than $2 billion worth of USDT from various blockchains to the Ethereum network. 1 billion USDT was transferred from the Tron network, 600 million from the Avalanche C-Chain, 300 million from the NEAR protocol, and 60 million from the EOS network to Ethereum. This transaction was made on behalf of an unnamed exchange. Tether stated that this major cross-chain transfer will not affect the total supply of USDT. These developments coincide with the news of the Wall Street Journal’s alleged investigation into Tether. So how do you think this transfer will affect market confidence? We are waiting for your comments.