Major fund movements have occurred in Tether stablecoins. According to on-chain data, approximately $999 million worth of 1 billion USDT has been transferred from a major exchange to the Tether Treasury address. This large transfer involves the movement of over $999 million in stablecoins, reflecting institutional-level fund management activity. As the most prominent stablecoin in the market, the treasury-level liquidity changes of USDT can typically have a real-time impact on market liquidity and trading patterns. Transfer events of this scale often indicate strategic adjustments by market participants or large-scale fund reallocations.