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Tether Treasury Moves $500 Million in USDT to Binance via Tron

The transfer followed a same-sized Binance transaction through Ethereum about an hour earlier, possibly reflecting a cross-chain swap.

Mentioned assets
Metal stablecoin beside two distinct transfer lanes / TokenPost.ai
Metal stablecoin beside two distinct transfer lanes / TokenPost.ai

Tether Treasury transferred 500 million USDT to Binance through Tron at 10:07 a.m. ET (14:07 UTC) Friday, following a same-sized transfer from Binance to Tether Treasury through Ethereum about an hour earlier.

The two transactions moved equal amounts of USDT across different blockchains. The sequence may reflect a cross-chain swap, with the later transfer sending the tokens to Binance on Tron after the earlier Ethereum transaction.

The transfers involved 500 million USDT between Tether Treasury and Binance.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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