Tether (USDT) Gets Closer to Emptying Treasury with 100M Token Intervention
Cryptovest
Published Aug 22, 2018 04:04AM ET
Updated Aug 22, 2018 05:21AM ET
Tether (USDT) Gets Closer to Emptying Treasury with 100M Token Intervention
The Tether treasury wallet has moved another large tranche of USDT tokens to the Bittrex hot wallet, sending 100 million tokens to the exchange. This is the first tranche since August 18, when just 20 million tokens were sent to Bittrex.
https://twitter.com/eurtprinter/status/1031974113504620544
The move had an immediate effect on all markets, lifting the price of Bitcoin (BTC) and altcoins alike. However, such interventions may be limited as the Tether treasury is now down to its last 150 million tokens. At this rate of interventions, it would not be long before a new printing. The latest bout of treasury transactions h...
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