📊 BOB/USDT Market & Network Update — August 21, 2025

🔹 USDT Contract Upgrade on BOB Network

The BOB ecosystem has officially transitioned from USDT to OpenUSDT (oUSDT), unlocking cross-chain stablecoin liquidity via Chainlink CCIP and Hyperlane.

- Users must manually migrate their USDT holdings to oUSDT through a 1:1 swap on the [BOB App migration page].

- A dedicated swap contract seeded with $1M in oUSDT liquidity is now live, operating on a first-come, first-served basis until October 29, 2025.

- Post-deadline, migration will require bridging assets off-chain and back via BOB or OpenUSDT bridges.

📉 BOB/USDT Price Action

As per TradingView, BOB/USDT is currently trading at 0.00000508 USDT, marking a −44.72% decline in the past 24 hours.

- Price range: 0.00000597 – 0.00000733 USDT

- Recent average: ~0.00000705 USDT

💵 Stability of Bridged USDT on BOB

CoinGecko reports that BOB Network Bridged USDT remains highly stable at $0.9998, with minimal 24-hour volatility.

- In PKR terms: 1 USDT ≈ ₨284.02, showing negligible fluctuation.

Stay tuned for further updates as the BOB ecosystem evolves.

BOBUpdate #OpenUSDT #ChainlinkCCIP #Hyperlane #CryptoNews $BOB