ChainCatcher reports that recently, on-chain analyst Ai Yi (@ai_9684xtpa) detected the largest single transaction in nearly three weeks for the gold token XAUT. A transfer of 28,723 XAUT, worth $151 million, was made from Tether’s treasury address to the UK asset management firm Abraxas Capital Mgmt.
Heka Funds (Abraxas Capital) is one of Tether’s largest and most important institutional clients, once holding 1.5% of the total USDT issued. Currently, among Tether’s publicly available on-chain addresses, it is also the entity with the second-highest interaction volume.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether accelerates investment: Where is the $6 billion in annual profits flowing?
Tether, with an estimated annual revenue of nearly $6 billion, is evolving from being the largest stablecoin issuer to a major investor in crypto and fintech. The company is actively reinvesting in blockchain infrastructure, payments, and alternative assets, exemplified by 10 recent investments aimed at building the digital economy's infrastructure.
TapChiBitcoin2h ago
Tether CEO Paolo Ardoino Highlights USDT’s Broad Global User Base
Tether CEO Paolo Ardoino highlighted USDT's strength in having a low sender concentration, with the largest sender accounting for under 5% of volume, which contrasts with other stablecoins at 23%. USDT serves over 550 million users, promoting financial access in emerging markets.
CryptoFrontNews10h ago
USDT Manipulation Case Upgraded! Tether and Bitfinex Collective Lawsuit Approved by New York Court
The U.S. court partially approved the class-action lawsuit against Tether and Bitfinex, narrowing the scope of plaintiffs to include investors who purchased crypto commodity futures between 2017 and 2019. The core allegations of the case involve the manipulation of the market through USDT that was not fully backed by reserves, resulting in investor losses. This class-action lawsuit is still ongoing and will strengthen the plaintiffs' bargaining position.
MarketWhisper03-09 06:16
Tether CEO Frames USDT As a “Digital Dollar for the People” After New Concentration Data
Paolo Ardoino, the CEO of Tether, went on X today with a short, proud message: USDT, he wrote, “is unique.” He backed that claim with a single, sharp statistic: over the past year, the biggest sender of USDT accounted for less than 5% of all USD send volume, while for other stablecoins, one
BlockChainReporter03-09 06:04
Tether USDT Powers 550M Users Across Emerging Markets, Says CEO
Tether's USDT leads the stablecoin market with over 550 million users and widespread transaction distribution. Strategic partnerships and increased liquidity drive global adoption, but regulatory challenges in South Korea hinder local access.
CryptoFrontNews03-08 23:41
USDC tops Tether as stablecoin transfers hit all-time high $1.8T
Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a
CryptoBreaking03-08 12:00
