This means 185 million of the total amount have gone out. Another fantastic inclusion to the news headline is that 70% of the total value that went out went to Binance (That is about 126.9 million out of the 185 million that went out).
Major Updates:
- Over half a billion of the new USDT token have been minted and shared across exchanges in less than two days.
- In the last two days, 150 and 300 million tokens of the USDT were minted.
- Just some hours before Paypal dropped an official announcement, 150 million were printed.
- There have been different exchanges involved because Huobi, Bitfinex, and other unknown addresses have been involved in some transactions.
- Binance accounted for over 70% of the total exchange (that is about 126.9 million USDT).
During the last price rally (rise up to $9000) in April 2020, 160 million USDT were minted by Tether. There has been over 400% growth in the total Tether cap (currently $15.9 billion).
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Source: Cointelegraph
