Wallet 0x1db has received over 50% of the USDT minted on Ethereum in the past three months, and it has been deposited into CEX

According to Spot On Chain monitoring, institutions seem to have prepared for the upcoming spot Bitcoin ETF. The special wallet 0x1db has received over 50% of USDT on Ethereum in the past three months and deposited it into different CEXs. Statistics show that in the past three months, 5 billion USDT were minted on Ethereum. Wallet 0x1db received 2.95 billion USDT and distributed them to various exchanges.