BlockBeats news, Coinbase director Conor Grogan recently stated on social media that according to on-chain data analysis, Alameda has minted 39.55 billion USDT, accounting for 47% of the current circulating supply of USDT. A previous report from Protoss estimated the figure at around $36.7 billion, and Conor Grogan updated the figure with the discovery of additional wallets.

According to data provided by SBF, the amount of USDT minted by Alameda has exceeded its assets under management at the peak of the cryptocurrency market. However, obtaining information about redemptions is challenging, in part because Tether appears to be coordinating the destruction off-chain. This data shows Alameda’s important position in the USDT market and also reflects the market’s trust and demand for USDT.