Whale 0x1db just further received 61M USDT from the Tether Treasury:

• transaction: 0x3e08f170e0b2910c4552584646e73923e1230456fb1648decc78f73a4759a0e0
• Tether Treasury: 0x5754284f345afc66a98fbb0a0afe71e0f007b949
• Whale 0x1db: 0x1dbbbc3fdb2c4fabd28fd9b84ed99ceb84bfbec5

Overall,

• Tether Treasury minted 3B USDT (7D), or 11B USDT (90D), on both Ethereum and Tron.
• No USDT were burned in the past 3 months.
• Whale 0x1dB is the largest USDT receiver from Tether Treasury, having received 949.5M USDT (7D), or 2.95B USDT (90D), and then quickly deposited to CEX, including Coinbase (~1.76B), Kraken (517M), Binance (434M) and OKX (232M).
• Other USDT minted by Tether Treasury during this period were also quickly deposited to CEX, mostly Bitfinex.

Notably, as the Bitcoin ETFs should be approved within 24 hours, whale 0x1db may be an ETF institution that prepares USDT to buy BTC.

Currently, the Tether Treasury still holds 978M USDT on Ethereum.

Fig 1. Tether Treasury minted 11B USDT (90D) on both Ethereum and Tron.

Fig 2. Whale 0x1dB received then deposited 2.945B USDT to different CEX in the past 3 months.