Tether Treasury minted 1B USDT

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Aug 20, 17:57

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Tether Treasury minted 1B USDT

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Tether Treasury

Total tokens transferred

USDT

Related transactions

Tether: MultiSig 0xc6c

Tether Treasury

Aug 20, 17:54

Tether Treasury just minted 1B USDT on Ethereum again:

transaction: 0x467531bffa8cab2b8ec954591aceafcc578ab5f1789aa32699e8a52f9ab08110
address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949

Notably, in the past 7 days, Tether has minted 2B USDT on Ethereum alone.

Furthermore, since the crash on August 5, 2024, Tether has continuously transferred USDT to various exchanges such as Coinbase, Kraken, OKX, and Binance via wallet 0x1db (likely Cumberland), totaling 1.476B USDT. However, the USDT-depositing rate appears to have slowed down in the past few days.

Fig 1. The latest 4 USDT transactions of the Tether's Treasury.

Fig 2. The current USDT holding of the Tether's Treasury.

#tether

#treasury

#mint

#usdt

#massive

#deposit

#coinbase

#kraken

#okx

#binance

#cumberland

Related signals

2024 Sep 20 - 18:11

Cumberland DWR resumed transferring 67M USDT from Tether to CEXs

Wallet 0x1db (likely Cumberland DWR) transferred 67M USDT from the Tether's Treasury to Binance, Coinbase, OKX, and Kraken in the past 5 hours. Notably, Tether Treasury minted 1B USDT 5 days ago and appears to begin to inject liquidity into the market following the Fed's rate cut.

2024 Sep 16 - 05:54

Tether Treasury minted 1B USDT on Ethereum

Tether Treasury just added 1B USDT as inventory on Ethereum. Notably, this minting comes just ahead of the expected interest rate cut by FED on September 17 and 18, possibly as liquidity preparation for the market.

2024 Aug 26 - 22:05

Cumberland DWR further sent 100M USDT to CEXs

Wallet 0x1db (likely Cumberland DWR) further sent 100M USDT from the Tether's Treasury to OKX, Coinbase, Kraken, and Binance in the past 8 hours, after 4 days of no USDT injection. Since the crash on August 5, this wallet has moved 1.766B USDT from the Tether to various CEXs.