Tether (USDT) Primes Markets for Rally With New Liquidity Injections
Cryptovest
Published Apr 22, 2019 05:37AM ET
Updated Apr 22, 2019 06:42AM ET
Tether (USDT) Primes Markets for Rally With New Liquidity Injections
The Tether treasury is getting emptied out, injecting another 40 million Tether (USDT) in the past week, whittling down the reserves to 132 million coins. But this time, the coins are not moving into the Bitfinex exchange, which has almost purged its wallet of USDT.
The Bitfinex wallet has fallen to about 4.3 million USDT, down from around 22 million in the past few days. Most of the coins are moving into OKEx, Huobi, and Bittrex. Binance is also still holding the largest storage of USDT coins.
If the Treasury runs out, it is possible that new USDT are minted. The increased liquidity could possibly boost Bitcoin (BTC) prices for anoth...
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Written By: Cryptovest
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