$182 Million USDT Shifts to Mysterious 'Whale': Tether Treasury's Latest Move
Tether Treasury transfers $182 million USDT to an unknown 'whale', with total transactions now at $2 billion, maintaining market stability.

Tether Treasury transfers $182 million USDT to an unknown 'whale', with total transactions now at $2 billion, maintaining market stability.
Tether Treasury has minted an additional 1 billion USDT, significantly expanding its circulating supply on the Ethereum network.
Tether enhances market stability, minting 1 billion USDT on Ethereum, with CEO Paolo Ardoino ensuring transparency and earmarking funds for future demand.
Tether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
With a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
Although the protocol offers a lucrative 4% annual yield, it is currently only available to accredited investors.
Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now.
Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.