Tether (USDT) chips are dumped into a portfolio-controlled address by the Cracow Stock Exchange, one of the few places where a stable problem can be converted into the US dollar.
The portfolio's stock market capitalization stood at US $ 47.8 million at the time of writing, making it the eighth most expensive portfolio of these assets, according to the stock exchange list.
In contrast to this situation with less than two weeks, on October 7, when the Kraken portfolio was located in a much lower place, ranked 22nd, and kept less than half of its current balance: 21.6 million USDT. Archived versions of the rich list show that the portfolio balance fluctuates between $ 10 and $ 24 million between the end of December 2017 and the beginning of October.
In other words, the current balance represents a marked non-qualitative value. Some market observers have suggested that this means that traders want to change USDT against the dollar.
Kraken is one of the few exchanges that offers direct operations between USDT and USD. (Other include Bitfinex, which is closely related to Tether Ltd., the issuer of USDT, and Bittrex). Thus, the flow is a sign that the foreign exchange market may still hold doubts about the USDT, which has seen its exchange rate drop significantly below the $ 1.00 price it recorded earlier this week.
For example, a Twitter user named Soleil Du Soir on Thursday asked the following question: "What are the reasons for transferring USDT to [Kraken]?" Another user answered: "You can get the US dollar there."
In fact, Kraken offers only a pair of Tether, USDT / USD, so operators can not exchange USDT to make other cryptocurrency cases in the Kraken.
There are other indications that traders are heading to Kraken to load the USDT. On October 15, the date when the Tether exchange rate fell against the dollar, was the biggest selling pressure on Kraken, where USDT briefly touched $ 0.85. Tether's trading volume for today was the highest on the stock market.Kraken Exchange Bitcoins To Bank Cryptocurrency To Dollars
