Bitfinex transfers 156,807,814 USDT to Tether Treasury
The movement, valued at 156,679,937 USD, points to a large internal stablecoin transfer between affiliated entities.
USDT
Summary
Bitfinex moved 156,807,814 USDT, worth 156,679,937 USD, to Tether Treasury. The transaction reflects a large stablecoin transfer between Bitfinex and Tether’s treasury wallet, an address typically used for issuance, redemptions, or internal treasury management.
Terms & Concepts
- Tether Treasury: Wallet used for Tether token management
- stablecoin: Crypto token designed to track fiat value
- USDT: Tether’s U.S. dollar-pegged stablecoin