350,000,000 #USDT (351,862,819 USD) minted at Tether Treasury
Tx: https://whale-alert.io/transaction/tron/4f784454d2bdee05f7c3779a819d6396cf89f577e9a5fb16dd9b7e67a3cf4b44 …
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What's the practical reason lots of the mints happen on Tron but most of it ends up chains swapped to Ethereum in the end?
HFT and OTC funds like to move money fast between exchanges (that's the feedback that I got, especially during last weeks gas spikes). Exchanges then rebalance their exposure based on their risk parameters or needs.
