The Tether Rich List, a useful indicator of the behavior of USDT tokens in the crypto ecosystem, showed outdated information as of 5:00 UTC on Tuesday. In the background, the pattern of removing USDT from circulation through Bitfinex has continued.

An exploration of the wallets involved showed that within a couple of days, around 65 million USDT accumulated on Bitfinex, up from some 9 million this past weekend. The Rich List still displayed a balance of 65,816,963 USDT. However, the wallet of the exchange tells another story, showing only around 25 million USDT.

The treasury now contains more than 966 million USDT, taking the available Tether supply down to around 2 billion tokens.

This article appeared first on Cryptovest

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