Update
Tether Burns 2 Billion USDT
Stablecoin issuer Tether has burned 2 billion USDT from its Treasury address, according to blockchain monitor Whale Alert. This is the latest in a series of large supply cuts this year, with previous burns occurring on July 7, May 8, and August 21. The burn is a standard supply management practice and does not indicate an emergency. The circulating supply of USDT is approximately $180 billion to $184 billion, with the burn representing a bit over one percent of the float.