Tether Makes New Version of Omni Happen, Major Upgrade Implemented

News
Mon, 12/16/2019 - 11:15
Yuri Molchan
Tether became a sponsor of the new Omni 0.7.0 protocol, which includes some important updates, such as accelerated transactions and the updated dex mechanism
Cover image via 123rf.com

The recent Medium article by Omni Lab says that the platform famous for USDT issuance has now been updated thanks to Tether and the creator of FeatherCoin Peter Bushnell.

The update covers several major points, including the upgrades of the Omniwallet user experience, OmniBOLT development, Omniwallet-Mobile, OmniJ, the update of the dex mechanism, etc.

Now, the update will allow exchanging Omni-based USDT with Tron, EOS, Ethereum and Liquid directly.

Presently, the largest amount of USDT has migrated to Tron, since USDT-Tron is becoming more and more popular – 916 mln.

5.25 mln USDT circulates on EOS, 2.2 mln USDT on Ethereum, 1.56 mln on Liquid and 1.55 bln circulates on the Omni chain (working on top of the Bitcoin blockchain).

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Tron started cooperating with Tether around April this year and since then more and more USDT has been migrating to the Tron chain.

Recently, the Twitter account of Whale Alert reported that 200 mln USDT was transferred from the Omni chain to Ethereum.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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