Tether withdraws 14,000 Bitcoin from reserves… Worth $1.49 billion

Uk Jin

Summary

Tether reportedly withdrew 14,000 Bitcoin from its reserves.
The withdrawn Bitcoin is said to be worth about $1.49 billion.
It is not yet clear whether this withdrawal is a transfer to decentralized storage.

The stablecoin (a virtual asset whose value is pegged to fiat currency) giant Tether (USDT) has withdrawn a large amount of Bitcoin (BTC) from its reserves.

According to AmberCN on the 3rd (Korea time), Tether withdrew 14,000 Bitcoins from its reserve address about 5 hours ago. This is worth approximately $1.49 billion at the current exchange rate.

AmberCN stated, "It is unclear whether this is a transfer to a decentralized storage or some other operation."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

Tether withdraws 14,000 Bitcoin from reserves… Worth $1.49 billion

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