129.1 Million USDT Transferred From Kraken to Bitfinex
A large USDT transfer worth about $129.2 million moved between the Kraken and Bitfinex cryptocurrency exchanges, according to the provided transaction alert.
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Terms & Concepts
USDT: A stablecoin issued by Tether that is designed to track the value of the U.S. dollar.
Cryptocurrency exchange: A platform such as Kraken or Bitfinex where users can trade digital assets.
Stablecoin: A cryptocurrency designed to maintain a relatively stable value, often linked to a fiat currency.