Layer-2 Ethereum scaling solution OMG Network has been acquired by Genesis Block Ventures (GBV). The post Layer-2 Ethereum scaling solution OMG Network gets acquired by a venture firm appeared first on The Block.

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. The post Tether is moving 1 billion more USDT coins from TRON to Ethereum blockchain appeared first on The Block.

Stablecoin issuer Tether has moved 3 million USDT coins, pegged 1:1 to the U.S. dollar, to OMG Network from Ethereum. The post Tether moves 3 million USDT to OMG Network appeared first on The Block.

A large chunk of Ethereum network congestion may be a thing of the past as Tether transfers go live on OMG Network’s scaling solution.

After announcing plans to integrate Tether (USDT) into the OMG Network at the end of May, the stablecoin is now live on the network. The post Tether goes live on the OMG Network to combat transaction congestion on Ethereum appeared first on The Block.