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Tether Treasury Transfers 100 Million USDT to Bitfinex

Blockchain tracking data shows 100,000,000 USDT, valued at $100,021,397, moved from Tether Treasury to crypto exchange Bitfinex.

Summary

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Terms & Concepts
  • USDT: A U.S. dollar-pegged stablecoin issued by Tether, designed to maintain a value close to $1 per token.
  • Tether Treasury: A wallet or issuer-controlled address used by Tether to mint, hold, or move USDT within its operational network.
  • Stablecoin: A cryptocurrency designed to track the value of another asset, commonly a fiat currency such as the U.S. dollar.