Reducing Gas Costs by Migrating Tether to L2 : CryptoCurrency

Tether is the largest consumer of gas on the Ethereum network. OMG and Bitfinex have announced a migration of Tether transfers to the OMG network, a layer 2 on top of Ethereum, which supports thousands of transactions / second. This alone should significantly bring down gas costs. My concern is that either 1) they won’t follow through with the announcement or 2) they are not moving swiftly enough to effect the change. As a community, I believe we should continue applying public pressure until they do what they have announced they would do.

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