Tether Transfers Nearly $100 Million in Bitcoin to Reserve Wallet

Blockchain analytics platform Arkham reports that stablecoin issuer Tether moved close to $100 million worth of Bitcoin into its reserve wallet.

BTC
USDT

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Reserve Wallet: A secure cryptocurrency wallet used by organizations to store large holdings for stability and liquidity purposes.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the U.S. dollar.
  • Blockchain Analytics: Technology and methods for tracking, analyzing, and interpreting data from blockchain networks.