Tether Redeems and ‘Burns’ More than Half of USDT in Circulation

in dlike •  8 months ago 


Tether says it has “redeemed a significant amount” of tokens from the circulating supply, and will now “destroy” 500 million USDT from its treasury wallet.

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Very interesting move by tether, wondering if they are trying to get unbacked tether out of the system??

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