• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Alameda Research is Tether’s largest whale, with practically forty billion USDT minted

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The discredited investment fund Alameda Research is mentioned to have minted 39.fifty five billion USDT, accounting for 47% of the latest provide and is the biggest entity placing USDT on the industry.

Alameda Research is Tether’s largest whale, with practically forty billion USDT minted

Related articles

Coin68 Weekly Magazine (November 20 - November 26): Shocking $4.3 Billion Fine for Binance

Coinlive Weekly Magazine (November twenty – November 26): Shocking $four.three Billion Fine for Binance

November 26, 2023
Binance “surrendered” by paying a fine of $4.3 billion

Binance “surrendered” by paying out a fine of $four.three billion

November 21, 2023

Conor Grogan, Director of Product and Sales at Coinbase, highlighted that Alameda Research minted a complete of 39.fifty five billion USDT (or 47% of the provide), increased than the sum of assets underneath management announced with Forbes for the publication World’s Billionaires by Sam Bankman-Fried.

Onchain information displays that Alameda was accountable for the minting of $39.fifty five billion of USDT, a figure that represents 47% of Tether’s circulating provide currently

An earlier report from Protoss place the figure at close to $36.seven billion I have been capable to update these figures with added wallets I have identified pic.twitter.com/fYBvGAYlFd

— Conor (@jconorgrogan) October 9, 2023

Virtually each cryptocurrency exchange supports USDT trading in some way. However, the composition of Tether’s reserves and its inner operations have not been obviously unveiled.

Earlier this yr, Prototypes reviews that Alameda Research and Cumberland Global are the two biggest entities that have brought about two-thirds of all USDT to industry. Both have acquired at least 60.three billion USDT so far.

Latest report by Prototypes unveiled that more than the previous yr, Tether sent 31.seven billion USDT to Alameda Research, of which thirty.one billion USDT (87%) of Alameda was sent right to FTX. And sent through other exchanges together with:

  • $two.one billion (six%) on Binance
  • $one.seven billion (five%) on Huobi
  • $15 million (significantly less than one%) for OKEx
  • The remaining 705 million USDT (two%) was sent to non-exchange addresses.

Chart of the sum of USDT Alameda Research acquired from Tether. Source: Proto

Besides Alameda and Cumberland, some other huge USDT gamers incorporate Nexo, Heka, Jump Crypto, iFinex, and so forth. and other retail shoppers of Tether.

In complete, Tether assigned the “market maker” classification to organizations 89.two%, exchange-traded money eight.five%, and persons two.three%. Details as proven under.

USDT Allocation Ratio to Corporates. Source: Proto

Alameda’s assortment of big quantities of USDT is believed to serve the arbitrage system, taking benefit of the fluctuation of USDT’s one USD peg on exchanges to revenue from the variation.

However, Conor speculates that all the USDT on FTX comes from Alameda, so the investment fund could quickly consider benefit of the company’s method and lead to the minting of the aforementioned massive sum of USDT.

Getting a go through on refunds is tough, in element due to the fact Tether seems to coordinate off-chain burns (they do not have deposit addresses shops merely send the money right to the treasury)

If we presume that all USDT refunds from FTX came from Alameda (and not yet another MM), then… pic.twitter.com/KHX75qEuUf

— Conor (@jconorgrogan) October 9, 2023

Coinlive compiled

Maybe you happen to be interested:

Join the discussion on the hottest concerns in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!

Tags: AlamedaBiggestbillionBindmintedResearchResearch AlamedaTethersUSDTwhale
Share76Tweet48

Related Posts

Binance Lists DeLorean (DMC) on Spot and Futures Markets

by shark
June 23, 2025
0

Binance will list DeLorean (DMC) for spot and futures trading, with high trading demand and leverage up to 50x anticipated.

EigenCloud Launched by Eigen Labs with $70M Backing

by shark
June 23, 2025
0

Eigen Labs unveils EigenCloud, supported by $70M funding from a16z, enhancing blockchain service capabilities.

Binance Handles $3 Billion Daily USDT Transfers on Tron

by shark
June 23, 2025
0

Binance processes $3 billion in daily USDT on Tron, influencing cryptocurrency liquidity trends.

Pi Network Faces High Volatility Ahead of Token Unlock

by shark
June 23, 2025
0

Pi Network anticipates market volatility as it approaches a major token unlock, with significant implications for valuation and user engagement.

Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision

by shark
June 23, 2025
0

Bitcoin's price fell due to the Federal Reserve's interest rate decision, impacting the cryptocurrency market with increased volatility and investor...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Binance Lists DeLorean (DMC) on Spot and Futures Markets
  • EigenCloud Launched by Eigen Labs with $70M Backing
  • Binance Handles $3 Billion Daily USDT Transfers on Tron
  • Pi Network Faces High Volatility Ahead of Token Unlock
  • Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision
  • Congressman Massie Proposes Federal Reserve Abolition Bill
  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7