Tether Burns $2 Billion USDT at Treasury

2026-05-09 03:38

Tether has executed a significant burn of 2 billion USDT, equivalent to approximately $1.999 billion USD, at its Treasury. This move is part of Tether's routine operations to manage the supply of its stablecoin, USDT, which is pegged to the US dollar. The burn reduces the total supply of USDT in circulation, aligning with Tether's commitment to maintaining its currency's stability and liquidity.

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