Nearly $130 Million USDT Moved from Binance to Tether Treasury
A large-scale transfer of 129,999,900 USDT from crypto exchange Binance to Tether Limited's Treasury signals potential liquidity or issuance adjustments.
USDT
Summary
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Terms & Concepts
- USDT (Tether): A U.S. dollar-pegged stablecoin issued by Tether Limited, commonly used for trading and as a store of value in crypto markets.
- Tether Treasury: The wallet or reserve system managed by Tether Limited for issuing and redeeming USDT in response to market demand.
- Binance: A major global cryptocurrency exchange offering trading, staking, and various blockchain-related services.