Coinbase Director: Alameda has minted 39.55 billion USDT, accounting for 47% of the current circulating supply

律动BlockBeats · 2023-10-10T01:03:00.000Z

BlockBeats news, on October 10, Coinbase director Conor Grogan posted on social media that on-chain data shows that Alameda has minted 39.55 billion USDT, which accounts for 47% of the current circulating supply of USDT. A previous report from Protoss estimated the figure at around $36.7 billion, with Conor Grogan updating the figure with the discovery of additional wallets. According to data provided by SBF, Alameda minted more USDT than its assets under management at the peak of the cryptocurrency market. But getting information about redemptions is challenging, in part because Tether appears to be coordinating the destruction off-chain.

According to BlockBeats, on October 10, Coinbase director Conor Grogan posted on social media that on-chain data showed that Alameda had minted 39.55 billion USDT, accounting for 47% of the current circulating supply of USDT. A previous report by Protoss estimated this figure to be around $36.7 billion, and Conor Grogan updated the data through the discovery of additional wallets. According to data provided by SBF, the amount of USDT minted by Alameda exceeds its asset management scale at the peak of the cryptocurrency market. But obtaining information about redemptions is challenging, in part because Tether appears to be coordinating destruction off-chain.