TREE NEWS update: Binance will support a USDT token contract swap on the Optimism network, suspending USDT deposits and withdrawals on Optimism from 10:00 (UTC+8) on Sept 17. The swap will be conducted at a 1:1 ratio, after which the original USDT token on Optimism will be renamed OPUSDTE. Spot, margin, futures trading and Binance Earn services will not be affected during the swap, and Binance will handle all technical work for users.
Binance to Support USDT Contract Swap on Optimism, Suspends Deposits and Withdrawals Sept 17
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AI take
The telling detail is what Binance is ring-fencing: trading and Earn keep running while only the Optimism USDT rail is paused, so the swap is an infrastructure event rather than a liquidity one. The renaming of the legacy token to OPUSDTE suggests the chain is moving to a fresh contract, and exchanges handling the migration centrally means user balances on that network are effectively frozen in transit. Whether other venues coordinate the same swap window is the open question, since staggered migrations are where cross-chain transfer confusion tends to surface.
Generated by AI for reference only.
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