🔥Tether moves a large amount of bitcoins costing only $2 dollars 👀
Tether Group, the company behind the stablecoin #Tether (#USDT ) moved 14,000 BTC to a new address using the network #bitcoin , this as part of its investment in twenty One capital. Additionally, the cost of this transaction was $2 dollars.
The co-founder of Tether, Paolo Ardoino, announced this large movement of #bitcoins as part of a strategic investment. Those 14,000 BTC at an average Bitcoin price of $104,000 dollars gives us a total of $1.4 billion dollars.
What is surprising and what everyone is talking about is the cost of moving that large amount of Bitcoins, which was only $2 dollars using the native Bitcoin network. Now, can you imagine how much it would have cost if they had moved that same amount using fiat money and with the use of intermediaries? There is no doubt that crypto adoption can positively change money transactions.
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