Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Tether issued $848 million USDT yesterday and redeemed $167 million USDT

Tether issued $848 million USDT yesterday and redeemed $167 million USDT

PANews2024/04/17 03:35
By:PANews

PANews reported on April 17 that according to the latest data from ChainArgos, Tether (USDT) conducted large-scale issuance and redemption activities on April 16. A total of US$848 million in USDT was issued that day, while US$167 million in USDT was redeemed. Issuance part: A total of approximately US$598 million in USDT was transferred to Bitfinex via the intermediate address, and approximately US$181 million in USDT was transferred to Kraken via the intermediate address in multiple transactions. Redemption part: The Bitfinex address redeemed US$160 million, and the Binance 16 address redeemed more than US$7 million.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

A decade-long tug-of-war ends: "Crypto Market Structure Bill" sprints to the Senate

At the Blockchain Association Policy Summit, U.S. Senators Gillibrand and Lummis stated that the "Crypto Market Structure Bill" is expected to have its draft released by the end of this week, with revisions and hearings scheduled for next week. The bill aims to establish clear boundaries for digital assets by adopting a classification-based regulatory framework, clearly distinguishing between digital commodities and digital securities, and providing a pathway for exemptions for mature blockchains to ensure that regulation does not stifle technological progress. The bill also requires digital commodity trading platforms to register with the CFTC and establishes a joint advisory committee to prevent regulatory gaps or overlapping oversight. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, is still being iteratively updated.

MarsBit2025/12/12 11:17
A decade-long tug-of-war ends: "Crypto Market Structure Bill" sprints to the Senate

Gold surpasses the $4,310 mark—Is the "bull frenzy" returning?

Boosted by expectations of further easing from the Federal Reserve, gold has risen for four consecutive days. Technical indicators show strong bullish signals, but there remains one more hurdle before reaching a new all-time high.

Jin102025/12/12 11:11
Gold surpasses the $4,310 mark—Is the "bull frenzy" returning?

Trend Research: Why Are We Still Bullish on ETH?

Against the backdrop of relatively accommodative expectations in both China and the US, which suppress asset downside volatility, and with extreme fear and capital sentiment not yet fully recovered, ETH remains in a favorable "buy zone."

深潮2025/12/12 10:15
Trend Research: Why Are We Still Bullish on ETH?
© 2025 Bitget