Over the past 24 hours, the price of BTC has skyrocketed. Against the backdrop of these events, Tether continues to print new USDT.
According toWhale Alert Information YesterdayThe company issued over 160 million USDT in just two transactions. The first $ 60 million was printed when Bitcoin was priced at $ 8,000. The next batch was printed shortly before the take-off price of up to $ 8500.
At the same time, on the Binance and OKEx exchangesLarge stablecoin transfers have been observed. In just 12 hours, 91 million USDT arrived from unknown wallets to exchanges. The lion's share – $85 million – were sent to Binance.
Since its inception, the Tether fund has printed more than $ 7.8 billion in stable coins. In the past month alone, the company has issued more than a billion USDT.
Based on materialscointelegraph.com
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