Tether has burned 2 billion USDT on the Ethereum network, according to monitoring by Onchain Lens. This burn occurred five hours ago and represents a significant portion of Tether's recent minting activity. Since April 18, Tether has minted a total of 5 billion USDT, making this burn nearly 40% of the newly created tokens.
Tether Burns 2 Billion USDT on Ethereum Network
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