In the past 48 hours, Tether's treasury transferred more than 66 million USDT to Binance

Odaily News Tether's growing stablecoin supply could catalyze the next "Uptober" rally (crypto slang for October), as October has historically been a bullish month for Bitcoin prices. A large portion of Tether's fund flows are being sent to some of the largest centralized exchanges (CEXs), indicating that investor buying pressure is increasing. According to data from Arkham Intelligence, in the past 48 hours, the Tether treasury sent more than $66 million worth of stablecoins to Binance and more than $20 million worth of USDT to the Kraken exchange.