A blockchain transfer alert reported that 164,212,411 USDT was sent from Binance to Ceffu (crypto custody platform), indicating a large stablecoin movement between related crypto service providers.
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Terms & Concepts
USDT: A U.S. dollar-pegged stablecoin widely used for trading, payments, and moving liquidity across crypto platforms.
Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being linked to a fiat currency such as the U.S. dollar.
Crypto custody: The safeguarding and management of digital assets by a specialized platform or institution on behalf of users or firms.