Transfer of 122 Million USDT from Tether Treasury to Bitfinex on the Blockchain
Publication Time:2024-08-12 14:21:06
In the latest blockchain transaction activity, a major cryptocurrency trading platform, Bitfinex, received a substantial transfer. Specifically, 122,000,000 USDT was moved from the Tether Treasury account to the Bitfinex platform around 2:15 PM today in Beijing time. This operation sparked significant market attention. As a stablecoin that is pegged to the US dollar, the circulation and trading volume of USDT have a considerable impact on the cryptocurrency market. This transfer not only reflects the continuous growth in demand for stablecoins but also highlights the role and function of large exchanges in the cryptocurrency trading sector. As the cryptocurrency market continues to mature, such large transactions will become commonplace, contributing positively to market liquidity and stability.
USDT
Bitfinex
Tether
Cryptocurrency
Blockchain Transaction