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<ul> 
 <li style="font-weight: 400;" aria-level="1">Tether (USDT), one of the leading stablecoin issuers, withdrew 8888.88 Bitcoin from the Bitfinex exchange to its account today.</li> 
</ul> 
Tether (USDT), one of the <a href="https://en.bitcoinsistemi.com/stablecoin-giant-tether-withdrew-a-large-amount-of-bitcoin-from-bitfinex-exchange/">leading</a> stablecoin issuers, withdrew 8888.88 Bitcoin (BTC) from the Bitfinex exchange today. 
<h3 id="span-style-font-weight-400-tether-usdt-withdrew-8888-88-bitcoin-btc-from-bitfinex-exchange-span">Tether (USDT) Withdrew 8888.88 Bitcoin (BTC) From Bitfinex Exchange</h3> 
This massive withdrawal, worth approximately $379 million, put Tether among the top ten addresses holding Bitcoin.&nbsp; 
As of now, Tether has a significant Bitcoin reserve of 66,465.2 BTC with a market capitalization of $2.82 billion. 
Tether made a remarkable transaction by withdrawing 8888.88 BTC from the Bitfinex exchange. 
This positions Tether among the major players in the Bitcoin ecosystem, highlighting its role beyond stablecoin issuance. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/binance-to-remove-btc-eth-ada-doge-shib-and-xrp-liquidity-pools/" aria-label="“Binance To Remove BTC, ETH, ADA, DOGE, SHIB, And XRP Liquidity Pools” (Edit)">Binance To Remove BTC, ETH, ADA, DOGE, SHIB, And XRP Liquidity Pools</a> 
Tether’s entry into the top ten BTC holding addresses was combined with significant financial gains. The cost price of Bitcoin assets was reported as $25,176 per BTC. 
This means a significant profit of $1.148 billion. This represents an impressive profit margin of 68%. 
Tether, known for issuing stablecoins pegged to fiat currencies such as the US Dollar, has become an increasingly important player in the cryptocurrency market. 
The latest move to withdraw a significant amount of Bitcoin underscores Tether’s diversified holdings and strategic approach to managing digital assets. 
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The post <a href="https://bitcoinworld.co.in/tether-withdrew-a-large-amount-of-bitcoin-from-bitfinex-exchange-whats-happening/">Tether Withdrew A Large Amount Of Bitcoin From Bitfinex Exchange, What’s Happening?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Tether Withdrew A Large Amount Of Bitcoin From Bitfinex Exchange, What’s Happening?

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