Tether redeems 2 billion USDT on Ethereum, reducing total supply
Tether's multisig called redeem() on Ethereum, removing 2 billion USDT from total supply without a burn address or recipient wallet, as the total supply storage variable decreased by 2 billion. Separately, TRON added $1.1B in USDT market capitalization over the past 30 days.
Detected & updated continuously · Source: Nebula
Sources
@blockscout
2,000,000,000 USDT vanished from Ethereum. Here is what the explorer shows: No burn address. No recipient wallet. The Tether multisig called redeem(). No transfer occurs. Total supply is a storage variable, and it simply got 2 billion smaller. Source: https://t.co/bmJ2lckxO4 https://t.co/TL4rzFv0qm
@HarryBee_Yhu
𝗧𝗥𝗢𝗡 𝗔𝗗𝗗𝗘𝗗 $𝟭.𝟭𝗕 𝗜𝗡 𝗨𝗦𝗗𝗧 𝗜𝗡 𝗝𝗨𝗦𝗧 𝟯𝟬 𝗗𝗔𝗬𝗦 🔥 While stablecoin headlines often focus on total market size, another important story is emerging: where new USDT liquidity is actually flowing. Over the past 30 days, the market capitalization of USDT on https://t.co/X3dS4m8BQ7