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Wallet Sends 120 Million USDT to JustLend DAO Lending Platform

The transfer was valued at about $119.86 million. It does not establish a loan.

By Enna Lee
Published
Mentioned assets
Green glass discs enter a clear acrylic chamber / TokenPost.ai
Green glass discs enter a clear acrylic chamber / TokenPost.ai

A wallet sent 120 million Tether (USDT), valued at about $119.86 million, to JustLend DAO. The transfer alone does not establish a loan.

JustLend DAO is a decentralized platform where users can supply cryptocurrencies and borrow assets.

It does not establish that the sender borrowed against the tokens or what happened to the wallet's position afterward.

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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