Tether unfreezes $1.45M in THORChain vaults after 3 hours – What users should know
Photo: AMBCrypto
Is Tether’s USDT shaping up to be a rebound catalyst this cycle? The stablecoin’s market cap is set to record its third consecutive daily increase in liquidity. However, the inflows are limited to only $310 billion, limiting risk-on sentiment. In this context, Tether’s latest move to unfreeze $1.45 million USDT in four THORChain vaults could be sufficient to alleviate concerns about the choppy stablecoin market. What did Tether’s USDT unfreeze change? To put the recent action into perspective, Tether had frozen four THORChain USDT vaults on the TRON blockchain, disrupting the trading and liquidity functions of the stablecoin.
Also reported by Crypto News Flash.
Source: AMBCrypto
