so this tweet happened directly after a eth tether were sent out. my guess would be someone is swapping out OMNI for ETH. .. cc @dividebyninehttps://twitter.com/whale_alert/status/1133757435292917761 …
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25,000,000
#USDT (25,258,528 USD) transferred from#Bitfinex to Tether Treasury Tx: https://whale-alert.io/transaction/bitcoin/830617c0e175dce45bbfc40fb0c038f49776742262b137eca8ac09de6c70097c …
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thanks for the confirmation. Is there a move to leave omni or just managing technical debt ?
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We are seeing an increase of issuance of Tether on ETH, especially since one week ago. Bitfinex is also used a lot as a swapping center for traders to send in Tether Omni and get Tether ERC20 and viceversa. So we need to balance our books on demand.
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