Tether (@Tether_to), the issuer of the world’s largest stablecoin, recently minted an impressive $3 billion USDT in just one week. The big question on everyone’s mind is: where did all this USDT flow? According to on-chain data, since August 5, approximately $3.22 billion USDT has been transferred from Tether’s treasury to various cryptocurrency exchanges. Of this amount, $1.75 billion USDT made its way to major platforms like Kraken, OKX, Coinbase, Binance, and Bullish.com, primarily through the trading firm Cumberland. Additionally, $1.29 billion USDT flowed specifically into Kraken via the deposit address “TQef1.” Tether(@Tether_to) minted 3B $USDT in just 1 week!
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