Tether (USDT) Starts September with Treasury Intervention By Cryptovest

Tether (USDT) Starts September with Treasury Intervention

Cryptocurrency Sep 03, 2018 04:00AM ET

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Tether (USDT) Starts September with Treasury Intervention

Bitcoin (BTC) prices are once again finding support from Tether (USDT), after the treasury wallet sent 100 million tokens to the Bitfinex hot wallet, in yet another move allegedly aimed at propping up cryptocurrency prices.

The transaction, completed in the afternoon of September 2, has depleted the treasury, which now holds a little above 130 million USDT. In previous days, Tether retired two batches of tokens - 30 million tokens on August 29, and another 40 million on August 31.

Tether interventions in August supposedly helped lift BTC prices to key levels, at first saving the coin from dropping below the $6,000 level. Next, ...

This article appeared first on Cryptovest

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Tether (USDT) Starts September with Treasury Intervention

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