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Monero Spikes as $120 Million Stablecoin Trail Hits Privacy Coin
Monero jumped sharply this week after a large holder routed about $120 million in stablecoins through a chain of swaps, exchanges, and cross-chain tools, making the movement visible across crypto markets. Onchain investigator ZachXBT said an address received 120.2 million USDT on the Tron network on Thursday. USDT is the largest dollar-pegged stablecoin, while Tron is widely used for low-cost stablecoin transfers. The entity then began splitting the funds and sending them across different routes. Part of the money was moved into Monero, a privacy-focused cryptocurrency designed to obscure sender and receiver details. ... (full story)
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