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120 Million USDT Moved From Bitfinex to Kraken

A blockchain transfer alert reported that 120,000,000 USDT, valued at $119,948,621, was moved between the two crypto exchanges.

Summary

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Terms & Concepts
  • USDT: A dollar-pegged stablecoin designed to maintain a value close to $1 per token.
  • Stablecoin: A cryptocurrency that aims to track a stable asset, commonly the U.S. dollar.
  • Blockchain transfer: A movement of digital assets recorded on a public blockchain between wallet addresses.