200 Million USDT Moved from Bitfinex to Tether Treasury
A large-scale transfer of $199.9 million worth of USDT from Bitfinex to Tether’s Treasury highlights ongoing stablecoin liquidity management operations.
Summary
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Terms & Concepts
USDT (Tether): A widely used U.S. dollar–pegged stablecoin designed to maintain 1:1 parity with the U.S. dollar.
Tether Treasury: The central entity responsible for issuing and redeeming USDT tokens to manage supply and liquidity.
Bitfinex: A major cryptocurrency exchange based in Hong Kong that shares ownership ties with Tether.