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Report: Around 300 Addresses Contain 80% of Tether Supply

Published 08/07/2019, 08:00 PM
Updated 08/07/2019, 08:21 PM
Report: Around 300 Addresses Contain 80% of Tether Supply

The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply.

Bloomberg reported the company’s finding in a report on Aug. 7. Coin Metrics co-founder Nic Carter additionally mentioned that some of the USDT whales include major crypto exchanges, such as Binance and Bitfinex.

Continue Reading on Coin Telegraph

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