According to Coinbase director Conor’s disclosure on social media, on-chain data shows that Alameda is responsible for minting $39.55 billion USDT, which accounts for 47% of Tether’s current circulating supply. It is reported that a previous report by Protoss estimated the figure to be approximately $36.7 billion. .
According to SBF data (which was submitted to Forbes as part of its annual ranking of the world’s billionaires), the relevant USDT minting figures are higher than Alameda’s total assets under management. Conor said that understanding the redemption situation is challenging, partly because Tether appears to have off-chain burning blocks. If it is assumed that all USDT redemptions by FTX came from Alameda and not other market makers, they should have redeemed $3.9 billion. USDT.
