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Users can already make deposits in USDT on these networks. However, the withdrawal to the new networks is not yet available – Binance will open this possibility after the accumulation of a certain amount of deposits. In this case, the site will not make an additional notification.
In their statement, Binance representatives reminded that Tether stabelcoins based on Arbitrum and Optimism are not native – they are “wrapped” tokens from other networks. Thus, Tether itself does not manage tokens on these blockchains;
Moreover, while in the Arbitrum One network Tether has some control over the bridge smart contract thanks to multisignatures, in the Optimism network all control over the smart contract is in the hands of Optimism Foundation.
As a reminder, the capitalization of the USDT stabelcoin recently surpassed $83 billion. The token from Tether remains the largest stable cryptocurrency on the market.