Tether Burns Additional 1B USDT Following Market Events

Gate News bot message, Tether (Tether_to) has conducted another significant USDT burn operation, destroying 1 billion USDT tokens. This burn follows a series of stablecoin reductions by major issuers in the aftermath of the October 11 market downturn. Together with Circle, stablecoin issuers have now burned a total of $6 billion in stablecoins since the market events of October 11.

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The_Crypto_Knightvip
· 6h ago
Watching Closely 🔍
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