Tether issued $848 million USDT yesterday and redeemed $167 million USDT

PANews reported on April 17 that according to the latest data from ChainArgos, Tether (USDT) conducted large-scale issuance and redemption activities on April 16. A total of US$848 million in USDT was issued that day, while US$167 million in USDT was redeemed. Issuance part: A total of approximately US$598 million in USDT was transferred to Bitfinex via the intermediate address, and approximately US$181 million in USDT was transferred to Kraken via the intermediate address in multiple transactions. Redemption part: The Bitfinex address redeemed US$160 million, and the Binance 16 address redeemed more than US$7 million.