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$1 Billion Just Sent From Tether Treasury to Binance: Here is Why

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$1 billion worth of USDT was just sent from the Tether treasury to Binance.

Amid the current market crash, $1 billion worth of USDT was transferred from Tether’s treasury to Binance.

The past couple of days were particularly devastating in both the cryptocurrency and the legacy markets. During Saturday’s trading session, Bitcoin’s price crashed to a low of around $34,000 on Binance, and it’s currently trading at around $35K, struggling to hold above that level. Now, Whale Alert detected that $1 billion worth of USDT was transferred from the Tether Treasury to Binance.

 

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