Another 100M Tether (USDT) Withdrawn from Circulation

Another 100 million Tether (USDT) were removed from Bitfinex and placed in the Tether treasury wallet, the removal of liquidity thus exceeding 1 billion coins. The balance of Bitfinex went as low as 3 million USDT but is rising once again as deposits are flowing in, taking the number back to around 7 million USDT.

In the past, large amounts of USDT injected into the exchange often led to an immediate price action for Bitcoin (BTC). Now, the withdrawal coincides with stagnant BTC prices as trading …

This article appeared first on Cryptovest

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