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Tether Treasury Becomes Biggest USDT Holder

Published 10/18/2018, 04:52 AM
Updated 10/18/2018, 06:01 AM
Tether Treasury Becomes Biggest USDT Holder

After days of drawing in the excess Tether (USDT), the treasury wallet has finally topped the rich list as the address with the largest holding. The other reason for the shift in balances was the reduction in USDT balances on the main wallet of Binance, which was until recently the biggest wallet, with more than 808 million coins.

The treasury wallet now holds 786,678,763 USDT after the latest transaction of 50 million coins. The Binance wallet shrank yesterday to about 682.6 million USDT. However, it turns out Binance has moved the coins to another wallet, which now contains 82 million USDT.

The loss of trust and persistent criticism have caused Tether to issue one of its rare tweets to defend its approach to issuing dollar-pegged assets:


This article appeared first on Cryptovest

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