Tether Treasury Claims Back USDT It Sent to Bitfinex Earlier

News
Wed, 09/05/2018 - 16:04
Yuri Molchan
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
Cover image via U.Today

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.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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