PANews reported on November 7 that Spot On Chain monitoring showed that Tether Treasury injected 1.845 billion USDT into CEX exchanges through the Ethereum chain in the past 12 hours, of which $1.706 billion went to Binance, $101.7 million went to Coinbase, $20 million went to OKX, and $17.86 million went to Kraken. This injection came after Tether Treasury minted 2 billion USDT on Ethereum and destroyed 1 billion USDT on Tron last night.

Data shows that Tether has issued 37 billion USDT on Ethereum and Tron in the past year, helping push the price of Bitcoin to a new high, currently reaching $76,200.