Tether burns

[WorkingNow]

Tether just burned a lot of tether, anyone have predictions?

 

[alurosu]

I didn't follow tether much. What does this mean? Someone withdrew a lot of USDT to USD? Or is it the other way around? Did someone just create 1 bil USDT?

 

[awesomewebsites]

What is the purpose?

 

[Deleted member 923340]

 

[tb303]

Tether just burned a lot of tether, anyone have predictions?

Its a chain swap. They are taking Tether off Tron to put it on Ethereum. It has no effect on the amount of tether in circulation.

https://twitter.com/x/status/1423213157808541699

 

[Zazagabor]

Tether to the moon!!
Just kidding,
I don't see it having any effects
I prefer using busd.

 

[Nikolaos]

Tether is tied to dollar even with burns it won't increase in price.