$160 Million USDT Transfer from Tether Treasury to Bitfinex
Blockchain data shows a large-scale stablecoin move from Tether's treasury to cryptocurrency exchange Bitfinex, potentially indicating liquidity provisioning.
USDT
Summary
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Terms & Concepts
USDT (Tether): A stablecoin pegged to the U.S. dollar, used for trading and transferring value in the cryptocurrency market.
Tether Treasury: The reserve wallet controlled by Tether that issues and manages USDT supply.
On-chain Transfer: A cryptocurrency transaction recorded and verified directly on the blockchain network.