<p>Stablecoin issuer Tether is set to move 1 billion more USDT coins, or around 7% of its total supply, from TRON to the Ethereum blockchain.</p> <p>The <a href="https://twitter.com/Tether_to/status/1305426424661258246?s=20">swap</a> will be performed in two tranches tomorrow, September 15. Tether said it would coordinate with a third party (an unnamed crypto exchange) for the swap. "A tier 1 exchange asked to swap," Tether CTO Paolo Ardoino told The Block.</p> <p>Stablecoin chain swaps are generally performed when users demand to trade on one blockchain instead of another. Issuers and exchanges usually don't make such decisions themselves.</p> <p>This would be the second massive swap of Tether from TRON to Ethereum — last month, the issuer <a href="https://www.theblockcrypto.com/linked/75411/tether-1-billion-usdt-tron-ethereum-blockchain">moved</a> 1 billion USDT coins.</p> <p>While Tether is looking to reduce congestion on the Ethereum blockchain by supporting blockchains such as Solana and OMG Network, users seem to like trading USDT on Ethereum. Tether <a href="https://www.theblockcrypto.com/post/77274/tether-launches-on-solana-blockchain">works on</a> eight blockchains — Algorand, Ethereum, EOS, Liquid Network, Omni, OMG Network, Solana, and Tron — and Ethereum remains its largest value settler, <a href="https://www.theblockcrypto.com/linked/66326/tether-stablecoin-settled-212-billion-worth-of-value-in-2019">as The Block reported</a> recently.</p>