is it run by Tether?
what do you mean heavily used? as opposed to what? what are people using USDT for? and on what network?
I've sent USDT via the binance network, that was cheap and instant- so why a whole network just for this it makes not sense?
is it like an ETH bridge?
USDT is Tether yes.
They can issue on any chain they have integrated with.
The chain, L1, is called Tron and has been around for a while. Native token is TRX I believe. Probably has many “use cases” but I think most of the volume is stablecoin transfer.
Many people in Argentina for example, use it from what I’ve seen on the YouTubes.
very interesting - thanks for the info!
