Tether Sus sends $800 million in USDT to Binance as institutions begin to gain momentum:Arkham - The Daily Hodl Tether, the world's largest issuer of stablecoins by trading volume. According to blockchain de-anonymization company Arkham, Tether sent two batches of 400 million USDT to Binance early Wednesday.
The implications of this transfer are manifold.
#Tether #USDT Treasury sent 400 million USDT to Binance's deposit address. A total of 800 million dollars of Tether USDT has been deposited to this #Binance deposit address this morning. The financial institution went live.
A few hours ago, Tether mined 1 billion USDT on the Tron network.
And on the same day, Binance. US announced that it will reinstate fiat deposits and withdrawals in USDT with zero fees.
According to Norman Reed, interim CEO of Binance. US,
As we start the New Year with a clean slate, we are excited to reinstate fiat deposits and withdrawals. This is one of the most significant milestones for Binance. US since July 2023, when we were forced to start operating solely as a crypto platform.
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