$700 Million USDT Withdrawn from Aave and Sent to HTX Exchange

Solid Intel reports a single transfer of approximately $700 million USDT from the Aave platform to the HTX exchange within the past hour.

USDT

AAVE

185d ago

Summary

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Terms & Concepts

USDT (Tether): A stablecoin pegged to the US dollar, widely used for trading and transfers in the cryptocurrency market.
Aave: A decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without centralized intermediaries.
HTX Exchange: A cryptocurrency exchange platform where users can trade various digital assets, formerly known as Huobi.