Tether Treasury Claims Back USDT It Sent to Bitfinex Earlier

After the recent refill of Bitfinex wallets with 90 mln USDT coins from the Treasury, they have been sent back from the exchange. They served to support the BTC

Wed, 5/09/2018 - 16:04

Tether Treasury Claims Back USDT It Sent to Bitfinex Earlier

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After the recent refill of Bitfinex wallets with 90 mln USDT coins from the Treasury, the coins have been sent back from the exchange. They served their purpose of supporting the Bitcoin quotes and then the Treasury reclaimed them.

Earlier this week 35 mln tokens were returned and on Tuesday Bitfinex sent back another 40 mln USDT coins.

Currently, the Treasury contains over 205 mln coins. Some analysts believe that Tether has played its significant part in the recent market recovery.

#Bitcoin News #Tether News

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.