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Tether Burns 4 Billion USDT on Ethereum Network

Tether Burns 4 Billion USDT on Ethereum Network

Tether has conducted a massive burn of the USDT stablecoin on the Ethereum blockchain. In a single transaction, two billion tokens were burned.

Later, the company confirmed another similar operation. The volume of the second burn round also amounted to two billion USDT.

A total of four billion stablecoins have been removed from circulation. Details of the first transaction are available in the public network registry.

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