Tether has completed a $2B cross-chain swap, moving USDT from multiple blockchains to Ethereum. This major transfer aims to enhance liquidity and interoperability in DeFi. The swap comes amid concerns over Tether's reserves, sparked by an unconfirmed investigation by the U.S. government. CEO Paolo Ardoino reassured investors, revealing Tether's reserves, including $100B in U.S. Treasury bills, 82,000 BTC, and 48 tons of gold. Despite market uncertainty, Tether’s role in global crypto markets remains vital.

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