Add as a preferred source on Google170 Million USDT Transfer Moves From Tether Treasury to Bitfinex
The Nov. 3 movement was valued at about $169.9 million; the transfer alone does not establish how the tokens were used.
A 170 million Tether (USDT) transfer worth about $169.9 million moved from Tether Treasury to Bitfinex on Nov. 3; its trading purpose was not established.
USDT is a dollar-pegged stablecoin. Tether Treasury is responsible for issuing the token, and Bitfinex is a cryptocurrency exchange. The reported movement alone does not show whether the tokens were used in trades or changed market liquidity.
On Oct. 30, 255 million USDT moved from Bitfinex to Tether Treasury, in the opposite direction. TokenPost previously covered the Oct. 30 transfer.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.