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.

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.

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.