Between August 14 and August 16, 2025, multiple large transfers of the stablecoin USDT, valued in the hundreds of millions of dollars, were executed among major cryptocurrency platforms and wallets. Notably, transfers occurred between Aave, HTX, Tether Treasury, Bitfinex, OKEX, Binance, and several unknown wallets. Key transactions included repeated movements of approximately 700 million USDT between HTX and Tether Treasury on August 14, as well as several transfers of around 100 million USDT from HTX to Binance on August 15. On August 16, 150 million USDT was transferred multiple times between Tether Treasury and Bitfinex, and a transfer of approximately 158 million USDT was made from OKEX to an unknown wallet. These transactions highlight active large-scale liquidity movements within the USDT ecosystem across various exchanges and wallets.