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Tether just burnt $600M worth of USDT, which I think means their reserves have dwindled by $600M. Am I reading it right? https://twitter.com/whale_alert/status
by vishnugupta 4y ago
Tether just burnt $600M worth of USDT, which I think means their reserves have dwindled by $600M. Am I reading it right?
https://twitter.com/whale_alert/status/1524675158836973570 https://twitter.com/whale_alert/status/1524675158836973570
- xur17 4y agoDoesn't that just mean $600M was redeemed? A reduction in the outstanding USDT sounds like a positive sign.