Tether Intentionally Obliterates 500 Million USDT

Yesterday Tether quietly took 500 million USDT out of circulation, then promptly destroyed them. Tether Supply Shrinks By $500 USDT Yesterday the stablecoin saga took a new twist as Tether Limited, the company responsible for minting and distributing the USD-pegged ‘stablecoin’ Tether (USDT) 00, removed 500 million USDT from circulation and destroyed them. Blockchain data […]

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‘Precursor of Price Going Up’: Tether Grants Another $250M in USDT Tokens

Controversial stablecoin Tether (USDT) has issued $250 million dollars worth of tokens — which Litecoin creator Charlie Lee sees as a bullish sign.   ‘Precursor of Price Going Up’ Tether has issued 250 million tokens (worth US$250) on June 25, according to Omni explorer. This follows its previous grant issued on May 18 of another $250 […]

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