Tether receives $223M USDT transfer from Bitfinex

A 222.7 million USDT move from Bitfinex to the Tether Treasury fits a busy month of internal transfers between the sister companies Bitfinex sent 222.7 million USDT to the Tether Treasury, according to on-chain tracker Whale Alert. That is a transfer worth nearly $223 million, moving between two companies that share a parent. What moved, and when The transfer landed in late October 2026. On October 28, four USDT transfers between Bitfinex and Tether totaled $765.3 million. All four happened inside a three-hour window. That batch included a 281.8 million USDT move and a 124.3 million USDT move. It also included offsetting moves of 180 million USDT, meaning some of the activity effectively canceled itself out. Earlier in the month, the traffic was already heavy. A 100.98 million USDT transfer went from Bitfinex to Tether around October 20-21. Before that, a 140 million USDT transfer took place earlier in October. For scale, the latest 222.7 million USDT transfer sits in the upper range of these October moves. It is larger than the 100.98 million and 140 million transfers. It is smaller than the 281.8 million USDT leg from October 28. Why Bitfinex and Tether keep passing money back an...