Gate News bot message, significant stablecoin movements occurred as Tether and Circle executed combined CEX operations totaling $1.5 billion in the past 10 hours. Specifically, Tether conducted a $1 billion USDT CEX operation on Tron network, while Circle performed a $500 million USDC CEX operation on Solana. The total CEXed volume of USDC and USDT by both companies has reached $20.5 billion since the October 11 crash.
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Tether and Circle Execute Major Stablecoin Movements: $1.5B CEXed in 10 Hours
Gate News bot message, significant stablecoin movements occurred as Tether and Circle executed combined CEX operations totaling $1.5 billion in the past 10 hours. Specifically, Tether conducted a $1 billion USDT CEX operation on Tron network, while Circle performed a $500 million USDC CEX operation on Solana. The total CEXed volume of USDC and USDT by both companies has reached $20.5 billion since the October 11 crash.