Tether Withdraws 8,888.88 Bitcoins from Bitfinex

Tether, which is widely considered to be the most renowned stablecoin issuers, took a bold step that caused shockwaves to spread across the cryptocurrency industry when it pulled 8,888.88 Bitcoin (BTC) off the Bitfinex platform on purpose. Tether was able to vault itself into the top 10 Bitcoin holders globally as a result of this transaction, which was estimated to be with a value of over 380 million dollars.
Tether, which is mostly renowned for its capacity to create stablecoins that are pegged to fiat currencies, has been slowly establishing itself as a key player not just in the cryptocurrency sector as a …

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