Binance Enables Tether (USDT) Integration on Arbitrum One and Optimism Networks, Unveils Deposits for Users
In a recent announcement, Binance, a leading cryptocurrency exchange, has successfully integrated Tether (USDT) onto the Arbitrum One and Optimism networks. The completion of this integration allows users to now make deposits of Tether (USDT) on both networks. Binance plans to enable withdrawals for Tether (USDT) on Arbitrum One and Optimism networks once sufficient deposits have been secured.
To facilitate the deposit process, Binance users can conveniently find their assigned Tether (USDT) deposit addresses on the Arbitrum One and Optimism networks within the Deposit Crypto page. Additionally, users can access the smart contract addresses of Tether (USDT) on both networks.
Expanded Support for Tether (USDT) on Binance – A Milestone for Seamless Crypto Transactions
It is important to note that Binance supports Tether (USDT) as bridged assets on the Arbitrum One and Optimism networks. While the bridged smart contract for Tether (USDT) on the Optimism network is managed by the Optimism Foundation and is not redeemable with Tether, the Tether (USDT) on the Arbitrum One network is controlled by Tether’s multisig and is also not redeemable with Tether.
Binance emphasizes that in the event of any discrepancies between the translated versions and the original English version, the English version will take precedence.
The integration of Tether (USDT) on the Arbitrum One and Optimism networks marks a significant milestone for Binance, further enhancing its cryptocurrency ecosystem and providing users with expanded options for seamless transactions. Traders and enthusiasts alike can now take advantage of the expanded support for Tether (USDT) on these networks, streamlining their cryptocurrency operations.
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.