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Tether (USDT) Treasury Refilled after Bitcoin (BTC) Price Recovery

Published 09/05/2018, 06:32 AM
Updated 09/05/2018, 07:41 AM
 Tether (USDT) Treasury Refilled after Bitcoin (BTC) Price Recovery
BTC/USD
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The Tether (USDT) treasury wallet has been refilled as funds from the Bitfinex hot wallet were sent back into it. The latest transaction saw 35 million tokens moved on September 3, with Tether retiring another 40 million tokens the day before.

With the latest move, the treasury wallet now has more than 205 million tokens in it, around half the number before the series of interventions over the last few weeks. The latest round of injections into the Bitfinex hot wallet led to an increase in Bitcoin’s price, which crossed the $7,000 mark with ease.

But the more the price of Bitcoin (BTC) grows, the more obvious the influence of USDT becomes. As of September 4, more than 61% of BTC volumes...


This article appeared first on Cryptovest

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