Binance Integrates Tether (USDT) On Arbitrum, Optimism
Binance has successfully completed the integration of Tether (USDT) on the Arbitrum One and Optimism networks. This integration brings increased accessibility and liquidity to users of these networks.
#Binance completes the integration of Tether $USDT on Arbitrum One and Optimism networks, with deposits now open.https://t.co/0NAbXFUlHd
— Binance (@binance) June 2, 2023
Integration on Arbitrum and Optimism Networks
As of now, users can make deposits of Tether (USDT) on both the Arbitrum One and Optimism networks. Binance has opened the deposit feature, allowing users to securely transfer their USDT tokens onto these networks. However, the exchange will enable withdrawals only when there are sufficient deposits, without any prior notification.
To locate their assigned Tether (USDT) deposit addresses on the Arbitrum One and Optimism networks, users can visit the Deposit Crypto page on Binance’s platform. Additionally, users can find the smart contract addresses of Tether (USDT) on both networks, providing them with further transparency and information.
It’s important to note that Binance supports Tether (USDT) as bridged assets on both the Arbitrum One and Optimism networks. On the Optimism network, the bridged smart contract for Tether (USDT) is managed by the Optimism Foundation and is not issued by Tether. Consequently, it cannot be redeemed with Tether.
Enhanced Liquidity and Trading
Similarly, on the Arbitrum One network, the bridged smart contract for Tether (USDT) is controlled by Tether’s multisig, and it is also not issued by Tether. Consequently, it cannot be redeemed with Tether either.
In case of any discrepancies or inconsistencies between the translated versions of the information provided and the original English version, Binance emphasizes that the English version should prevail.
By integrating Tether (USDT) on the Arbitrum One and Optimism networks, Binance further expands its range of supported assets, catering to the growing needs of its users. This integration is expected to enhance liquidity and trading opportunities within the decentralized finance (DeFi) ecosystem, allowing users to access and utilize Tether (USDT) seamlessly on these networks.
