Tether Transfers $800 Million USDT to Binance
- Tether sent two batches of 400 million USDT to Binance.
- The transfers were identified by blockchain firm Arkham.
- These movements suggest institutions are starting to onramp.
- Prior to the transfer, Tether minted 1 billion USDT on the Tron network.
- Binance.US restored USD deposits and withdrawals with zero fees on the same day.
- USDT’s market cap stands at $141.75 billion, slightly below its recent peak.
Tether transferred a total of $800 million in USDT to Binance in two transactions, as reported by Arkham. This activity coincides with Tether minting an additional 1 billion USDT and Binance.US reinstating fiat operations.
Source (2.6)https://dailyhodl.com/2025/02/19/tether-sends-800000000-in-usdt-to-binance-as-institutions-begin-onramping-arkham/?rand=59076
