The report shows that 318 addresses have a USDT that accounts for 80% of the supply.

According to Cointelegraph, data from crypto market research firm Coin Metrics shows that 318 addresses have at least $1 million worth of Tether (USDT), accounting for 80% of global Tether supply. Con Metrics co-founder Nic Carter also mentioned that some USDT whales include major encryption exchanges such as Coin and Bitfinex. The report pointed out that this is very different from the distribution of Bitcoin, which accounts for only about 20% of the total supply. According to reports, more than 20,000 BTC addresses have at least $1 million in equivalent assets. However, although Bitcoin is more evenly distributed among its user base, USDT whales may be able to adjust their bitcoin prices themselves.