130 Million USDT Moved From Tether Treasury to Bitfinex
A blockchain transfer alert shows 130,000,000 USDT, valued at $129,912,110, moved from Tether Treasury to Bitfinex, indicating a large stablecoin transfer between affiliated entities.
Summary
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Terms & Concepts
USDT: A U.S. dollar-pegged stablecoin issued by Tether, commonly used for crypto trading and transfers.
Tether Treasury: A treasury wallet associated with Tether, typically used for issuing, holding, or moving USDT supply.
Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.