Coinbase director Conor Groganshed light on Alameda's significant involvement in Tether minting, suggesting potential arbitrage trading motives. Onchain data indicates that Alameda was responsible for minting a staggering $39.55 billion of USDT, which accounts for nearly 47% of Tether's current circulating supply, Grogan said. This figure surpasses a previous estimate, which had pegged the number at approximately $36.7 billion. Grogan's updated figures incorporate additional wallets that were previously overlooked. Grogan pointed out that the amount of USDT minted was notably higher than Alameda's Assets Under Management (AUM) during the peak of the cryptocurrency market. In a timely connection to these findings, Benzinga's Future of Digital Assets conference, scheduled for Nov. 14, is anticipated to address such pivotal developments in the digital currency landscape. With industry experts and stakeholders converging, discussions around the implications of such large-scale minting a...