Tether Treasury Transfers 110 Million USDT to Bitfinex

A blockchain transfer alert shows 110,000,000 USDT, valued at $109,952,425, moved from Tether Treasury to crypto exchange Bitfinex.

USDT

Summary

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Terms & Concepts
  • USDT: A U.S. dollar-pegged stablecoin designed to maintain a value close to $1 per token.
  • Tether Treasury: A treasury wallet associated with Tether, the issuer of USDT, used for token issuance and internal transfers.
  • Stablecoin: A cryptocurrency designed to track the value of a reference asset, often a fiat currency such as the U.S. dollar.