According to Spot on Chain, on August 13, The Tether Treasury minted 1 billion USDT on Ethereum and transferred 183.2 million USDT to Cumberland for CEX deposits.
Cumberland has received 953 million USDT from Tether and injected 906.7 million USDT into various CEXs, including Coinbase, Kraken, OKX, Binance, and Bullish since the crash on Aug 5.
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