[Coinbase Director: On-chain data shows Alameda is responsible for minting USDT of 39.55 billion] Golden Finance reported that according to Coinbase director Conor’s disclosure on social media, on-chain data shows that Alameda is responsible for minting USDT of 39.55 billion, which accounts for 47% of Tether’s current circulating supply. It is reported that a previous report by Protoss estimated that the figure was about 36.7 billion US dollars. According to SBF data (which was submitted to Forbes as part of the annual ranking of the world’s billionaires), the relevant USDT minting data is higher than Alameda’s total assets under management. Conor said that it is challenging to understand the redemption situation, in part because Tether seems to have off-chain destruction blocks. If it is assumed that all USDT redemptions of FTX come from Alameda rather than other market makers, they should have redeemed USDT of 3.9 billion.
