Tether Treasury minted 1B USDT on Ethereum

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Sep 16, 05:54

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Tether Treasury minted 1B USDT on Ethereum

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Tether Treasury

Total tokens transferred

USDT

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Tether: MultiSig 0xc6c

Tether Treasury

Sep 16, 05:51

Tether Treasury just minted 1B USDT as inventory on Ethereum:

transaction: 0x553b1ac5de98657cdd013d9593069c1eeb2b44d2c65bc4d65496f80bb859803e
address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949

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.

Overall, in the past year, the Tether Treasury has issued a total of 35B USDT on both Ethereum and Tron chains, contributing to the rise of the Bitcoin (BTC) price from $26.6K to over $73K in March. After significant USDT mints, the BTC price often experiences an upward trend or stabilization.

Fig 1. Tether Treasury minted 1B USDT on Ethereum just now.

Fig 2. Tether Treasury has minted 35B USDT on both Ethereum and Tron chains in the past year.

#tether

#add

#inventory

#usdt

#mint

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 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.

2024 Aug 22 - 21:18

Cumberland DWR transferred another 100M USDT to CEXs

Wallet 0x1db (likely Cumberland DWR) transferred another 100M USDT from the Tether's Treasury to Coinbase, OKX, and Kraken in the past 4 hours. Notably, since August 5, 2024, this wallet has transferred 1.666B USDT from the Tether's Treasury to various exchanges.