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#TETHER distributed $108.5 billion in USDT,
received $32.7 billion in $USDT in that same period,
sent a staggering majority of $USDT directly to market makers and liquidity providers.
received $32.7 billion in $USDT in that same period,
sent a staggering majority of $USDT directly to market makers and liquidity providers.
Some of these entities maintain crypto exchanges; the data presented here relates specifically to their operational addresses as companies.
#Tether supplied categorized “market makers” with 89.2% of all $USDT ($97 billion) it sent.
Trading funds and other miscellaneous companies received $9.2 billion (8.5%).
Smaller transactions deemed to have been received by “individuals” amounted to $2.35 billion (2.3%).
Trading funds and other miscellaneous companies received $9.2 billion (8.5%).
Smaller transactions deemed to have been received by “individuals” amounted to $2.35 billion (2.3%).
