Stablecoin

Cryptocurrency

Dollars

Bitcoin

Giant

In an important move, Tether (USDT), one of the leading stablecoin issuers, withdrew 8888.88 Bitcoin (BTC) from the Bitfinex exchange today.
<h2 id="tether-usdt-withdrew-8888-88-bitcoin-btc-from-bitfinex-exchange">Tether (USDT) Withdrew 8888.88 Bitcoin (BTC) from Bitfinex Exchange</h2>
This massive withdrawal, worth approximately $379 million, put Tether among the top ten addresses holding Bitcoin. As of now, Tether has a significant Bitcoin reserve of 66,465.2 BTC with a market capitalization of $2.82 billion.
Tether made a remarkable transaction by withdrawing 8888.88 BTC from the Bitfinex exchange.
This positions Tether among the major players in the Bitcoin ecosystem, highlighting its role beyond stablecoin issuance.
Tether's entry into the top ten BTC holding addresses was combined with significant financial gains. The cost price of Bitcoin assets was reported as $25,176 per BTC.
Related News: <a href="https://en.bitcoinsistemi.com/cryptocurrency-market-started-2024-with-hack-incident-millions-of-dollars-suspected-lost/" target="_blank" rel="noopener noreferrer nofollow">Cryptocurrency Market Started 2024 with Hack Incident: Millions of Dollars Suspected Lost</a>
This means a significant profit of $1.148 billion. This represents an impressive profit margin of 68%.
Tether, known for issuing stablecoins pegged to fiat currencies such as the US Dollar, has become an increasingly important player in the cryptocurrency market.
The latest move to withdraw a significant amount of Bitcoin underscores Tether's diversified holdings and strategic approach to managing digital assets.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/stablecoin-giant-tether-withdrew-a-large-amount-of-bitcoin-from-bitfinex-exchange/" rel="noopener noreferrer nofollow">Stablecoin Giant Tether Withdrew a Large Amount of Bitcoin from Bitfinex Exchange</a>

Stablecoin Giant Tether Withdrew a Large Amount of Bitcoin from Bitfinex Exchange

Mục lục

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 1 thg 1, 2024

Dogecoin Technical Analysis: A Closer Look at the Trend

Anticipation for the First US Spot Bitcoin ETF Launch

$560m worth of crypto tokens to unlock this month

1 Billion XRP Unlocked by Ripple, XRP Price Reacts With 2% Drop

US SEC May Approve Spot Bitcoin ETFs On Tuesday or Wednesday

Avedex Promotion Price List

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!