I used Dune to give me better insights Tether which isn't/not available on other existing websites.
Some interesting insights I could find out:
- Tether has had a total of 153 mint events with some huge spikes in mint value from mid 2020.
- Tether has only had 2 burn events ever happen. This was for a total of $7.5B and happened furing May and June of 2022.
- Tether has had a total of 807 blacklists happen. 46 of them were unblacklisted later.
- Did you know Tether can destroy(burn) away the balance held by any blacklisted address? So technically they can decide to blacklist your address and burn it away. This functionality usually exists for regulatory reasons. A total of 574 such events have happened and it destroyed $162.75M in value.
- The dashboard has a tool to query a address and build a directed graph showing all the addresses it has interacted with via transfers. It was interesting to put in a few blacklisted addresses and see which addresses they interacted with via transfers prior to getting blacklisted.
- The dashboard also explores infinite allowances inside Tether. A total of 7269 spenders has infinite allowance given to them by atleast one other address. The largest of these spenders has infinite allowance given to them by 443,701 other addresses. It will be very interesting to explore this more and figure out how much money could be in jeopardy if these top spenders get compromised.