Aster Becomes Largest BSC-USDT Holder Outside of Binance Hot Wallet
A post from former Binance CEO Changpeng Zhao highlights that an entity named Aster now holds the most BSC-USDT, second only to the exchange's own hot wallet.
USDT
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Summary
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Terms & Concepts
BSC-USDT: A version of the Tether (USDT) stablecoin that operates on the BNB Smart Chain (BSC), enabling transactions within the BSC ecosystem.
Binance Hot Wallet: An online cryptocurrency wallet used by the Binance exchange to store funds required for immediate operational needs, such as processing user withdrawals.