Tether Treasury transfers $151M in XAUT to Abraxas Capital

On-chain analyst ai_9684xtpa reported that 28,723 XAUT, valued at $151 million, was transferred from a Tether Treasury address to a wallet managed by Abraxas Capital, a London-based asset management firm. Abraxas Capital is one of Tether's largest institutional clients and at one point held 1.5% of the total USDT supply.