As covered by U.Today previously, Arbitrum is going to distribute 1.16 billion of its native tokens on March 23. Per the estimations of some analysts, the initial value of the drop for its Tier 1 recepients might be equal to $15,000-$20,000.Ahead of the hotly anticipated distribution, many exchanges have already announced the upcoming listing of ARB tokens in pairs with U.S. Dollar Tether , the largest stablecoin.So far, Binance , Huobi , MEXC Global and OKX have made such announcements.
Also, HotBit and XT.com exchanges listed ARB"IoUs," synthetic assets associated with the"future" ARB price. Rates in ARB/USDT paits spiked over $13 yesterday. However, such IoUs cannot be exchanged for "real" ARB tokens. In addition, they cannot be transferred between exchanges.
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