Tether Transfers 500 Million USDT to Binance

Blockchain tracker Whale Alert reports Tether’s treasury moved 500 million USDT to cryptocurrency exchange Binance.

USDT

Summary

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Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the US dollar, widely used for trading and transferring value within the cryptocurrency market.
  • Whale Alert: A blockchain tracking service that monitors and reports large cryptocurrency transactions from major wallets and exchanges.
  • Treasury Address: A cryptocurrency wallet controlled by an issuing organization, often used for storing, minting, or transferring large amounts of tokens.