🚀Cryptocurrency flash news!🚀
Two transactions of 50,000,000 (USDT) have been transferred from Bitfinex to Tether Treasury, according to transfer receipts from Whale Alert. Both transactions occurred on October 2, 2023.
According to data from CryptoQuant, stablecoin reserves on exchanges have been steadily declining over the last year. However, market intelligence platform Santiment noted that Tether "sharks and whales" are gaining purchasing power, which is generally a bullish combination.
Meanwhile, the US Federal Reserve called stablecoins a possible “source of financial instability.” Despite this, Tether has seen an increase in stablecoin-based lending in 2023.
What do you think of these movements in the stablecoin market? Comment below! 💬
Two transactions of 50,000,000 (USDT) have been transferred from Bitfinex to Tether Treasury, according to transfer receipts from Whale Alert. Both transactions occurred on October 2, 2023.
According to data from CryptoQuant, stablecoin reserves on exchanges have been steadily declining over the last year. However, market intelligence platform Santiment noted that Tether "sharks and whales" are gaining purchasing power, which is generally a bullish combination.
Meanwhile, the US Federal Reserve called stablecoins a possible “source of financial instability.” Despite this, Tether has seen an increase in stablecoin-based lending in 2023.
What do you think of these movements in the stablecoin market? Comment below! 💬