770 Million USDT Moved from HTX to Aave

A large-scale transfer of over $769 million in Tether (USDT) from crypto exchange HTX to the Aave lending platform was reported.

USDT
AAVE

Summary

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Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the U.S. dollar, designed to maintain a 1:1 value with fiat currency.
  • HTX: A cryptocurrency exchange platform, formerly known as Huobi, offering trading and related digital asset services.
  • Aave: A decentralized finance (DeFi) lending protocol that allows users to borrow and lend cryptocurrencies without intermediaries.