Based on Announcement, KuCoin has completed the USDT contract swap on the Optimism network, converting old USDT to new USDT at a 1:1 ratio for all users. Deposit and withdrawal services for the new USDT are now available, while old USDT deposits are not supported and may result in asset loss.
KuCoin Completes USDT Contract Swap on Optimism Network
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Summary
KuCoin has completed the USDT contract swap on the Optimism network, part of ongoing on-chain news updates. All users received new USDT at a 1:1 ratio from old USDT. New USDT deposits and withdrawals are now available. Old USDT deposits are no longer supported and may lead to asset loss. The swap follows a network upgrade to improve efficiency and security. Users are advised to check balances and update holdings accordingly.
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