Tether Limited burned 500 million tokenized American dollars USDT. Details of the relevant transaction are available here .
Tether has just destroyed USD 500m from the Tether treasury wallet with the following tx: https://t.co/HTG52LaRVh
For more information see the announcement here: https://t.co/McLTCGzmJi
– Tether (@Tether_to) 24 January 2018 р.
The official statement said that approximately 466 million USDT remained in Tether treasury, which will be used for future emissions. The company stressed that the process of destruction and release of new tokens is clearly prescribed in the whitepaper.
Some users of social networks have expressed the opinion that it is generally good for the cryptocurrency ecosystem:
Tether just redeemed / burned another $ 500,000,000.
This is good for the ecosystem. Having 1 stablecoin so that it is dominated among UAD pegged-tokens is unhealthy.
Slow downs of USDT + competition without FUD is healthy. https://t.co/ZPpF6ilbVI
– Brad Mills (@bradmillscan) 24 months 2018 r.
More stable coins = less tether https://t.co/3jLj589lLT
– ₿ullish Dipper 🚀🚀 (@crypto_dipper) 24 Zhovtnya 2018 p.
“More Steablocoins – Less Tether”
User Jordan was upset that he did not get at least 5 million USDT from this amount:
Damn you could have burned 495M and transfer 5M to me
– Jordan (@ Jordan80739220) 24 December 2018 p.
Earlier, BlockchainJournal reported that against the background of the emergence of all-new steybcoinov Tether capitalization is gradually decreasing .
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