PANews reported on October 20 that according to Cointelegraph, according to data from Arkham Intelligence, in the past 48 hours, the Tether vault marked address sent more than US$66 million worth of stablecoins to Binance, and also sent more than US$20 million worth of USDT to the Kraken exchange.
Looking at Tetherâs fund flows, a large portion is sent to some centralized exchanges (CEX), which indicates that investor buying pressure is increasing. Tetherâs growing stablecoin supply may catalyze the next round of âUptoberâ rally (cryptocurrency slang for October), because historically, October is a bullish month for Bitcoin prices.
Earlier news, Tether's official data showed that the market value of its issued US dollar stablecoin USDT has exceeded 120 billion US dollars.
