the arrest of #JeffreyEpstein did amazing things for #stablecoins... average daily on chain volume basically permanently doubled overnight.
this isn’t conclusive but… if we were living in a world where epstein’s arrest suddenly deprived the world of a major money launderer whose customers suddenly found themselves in need of a new provider, and then the provider they chose was #Tether, this is what one would expect the chart to look like…
(also 6 days after #epstein was arrested there was a weird $5 billion issuance of new Tether #USDT tokens followed immediately by a $4.5 billion burn/redemption transaction. I assume that was a fat finger originally intended to mint only $500 million so i stripped it out of the chart… but i will at least note that someone went to issue $5 billion in stablecoins 6 days after epstein’s arrest. i can post that chart if anyone's curious)
data: https://dune.com/crypto_oracle/epstein-stablecoin-vol