500 Million USDT Moved From Binance to Tether Treasury

Blockchain tracking data shows 500,000,000 USDT, valued at about $499.9 million, transferred from Binance to Tether Treasury.

Summary

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Terms & Concepts
  • USDT: A U.S. dollar-pegged stablecoin issued by Tether, designed to maintain a value close to $1.
  • Tether Treasury: A wallet or set of wallets controlled by Tether, typically used for issuing, receiving, or managing USDT supply.
  • Stablecoin: A cryptocurrency designed to track a stable asset, most commonly a fiat currency such as the U.S. dollar.