Tether (USDT) Pumps Out Over 400M Coins from Treasury By Cryptovest



In the past days, Tether (USDT) increased its circulating supply by around 418 million tokens, which were held until now in the treasury. The already printed tokens were drawn back from circulation last fall, when the Treasury held as much as 600 million USDT. Now, the storage wallet has around 193 million tokens left.

In a series of transactions, the treasury was emptied out again, with some of the funds sent directly to Bitfinex, while other tranches going to unknown intermediary addresses. Rich List records show the Binance, OKEx and Huobi wallets received new funds on April 14.

The injection of new USDT follows a period of increased trading activity, wher…

This article appeared first on Cryptovest

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