$110 Million USDT Transferred from Tether Treasury to Bitfinex

$110 Million USDT Transferred from Tether Treasury to Bitfinex

The large-scale stablecoin movement signals substantial fund activity between Tether and the crypto exchange Bitfinex.

USDT

Fact Check
The assessment is based on one highly authoritative and perfectly relevant source that directly confirms the statement. The Whale Alert Telegram channel, a reputable service for tracking large cryptocurrency transactions, explicitly reports that 110,000,000 USDT was transferred from the Tether Treasury to Bitfinex. This provides strong, direct evidence supporting the claim's truthfulness. The second source, a page about the Polkadot (DOT) cryptocurrency from CoinPaprika, is entirely irrelevant to the specific transaction in question and offers no supporting or contradicting information. As there is no conflicting evidence and the sole relevant source is a trusted authority on this subject matter, the statement is determined to be likely true with a high degree of confidence.
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Summary

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Terms & Concepts
  • USDT (Tether): A popular stablecoin pegged to the US dollar, used for trading and transfers in the cryptocurrency market.
  • Tether Treasury: The reserve account from which Tether issues or redeems USDT tokens on the blockchain.
  • Bitfinex: A major cryptocurrency exchange offering trading, lending, and other digital asset services.