📣 In the past, Alameda minted half of all USDT
posted 10 Oct 2023
The head of business operations at Coinbase reported that a year ago, Alameda Research minted USDT worth $39.55 billion or about 47% of the total stablecoin supply.
This amount significantly exceeds the company’s assets, according to data provided by Sam Bankman-Fried, and raised doubts about Tether’s transparency.
However, there is no information about the redemption of these tokens, probably because the transaction took place off-chain.
This amount significantly exceeds the company’s assets, according to data provided by Sam Bankman-Fried, and raised doubts about Tether’s transparency.
However, there is no information about the redemption of these tokens, probably because the transaction took place off-chain.
More breaking news
