Tether Treasury minted another 1B on Ethereum

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Tether Treasury minted another 1B on Ethereum

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Tether: MultiSig 0xc6c

Tether Treasury

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USDT

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Tether: MultiSig 0xc6c

Tether Treasury

Nov 09, 22:44

Tether Treasury just minted another 1B USDT on Ethereum:

transaction: 0xb3e41e66ed72a46fd436ab8f22e077eca997dcdec2e3a176110ea8227015844f
address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949

Overall, Tether treasury minted a net amount of 3B USDT in the last 3 days, including burning 1B USDT on Tron and minting 4B USDT on Ethereum. Notably, around 3.44B USDT has been injected into various exchanges on Ethereum, of which 1.75B USDT went to Binance and 770.8M USDT went to Coinbase.

During this period, the BTC price reached a new ATH of $77,200, while the ETH price pumped by ~29%, back above $3,100 after 3 months.

Fig 1. Tether issued 4B USDT on Ethereum in the last 3 days (total net minted: 3B USDT on Ethereum and Tron).

Fig 2. Tether injected 3.44B USDT into various exchanges on Ethereum in the last 3 days.

#tether

#mint

#usdt

#ethereum

#bitcoin

#btc

#eth

#pump

#inject

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Tether Treasury minted another 1B on Ethereum

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