Tether (USDT) Keeps Pumping Liquidity on Bitfinex, Props Up Bitcoin (BTC) Price

Cryptovest

Published Aug 16, 2018 01:53AM ET

Updated Aug 16, 2018 03:00AM ET

Tether (USDT) Keeps Pumping Liquidity on Bitfinex, Props Up Bitcoin (BTC) Price

More than 46% of Bitcoin (BTC) trading this Thursday is happening against Tether (USDT). The spike in USDT liquidity follows another move by Tether to send out tokens from its treasury wallet into Bitfinex.

While there has been no new printing of USDT tokens, the stored funds allow for a fast move. On Wednesday, the 30 million USDT. The funds were moved directly into one of the Bitfinex hot wallets.

For a few hours on Wednesday, both BT...


This article appeared first on Cryptovest