630 million Tether (USDT) were taken away from circulation

630 million Tether (USDT) were taken away from circulation

630 million Tether (USDT) were sent to Tether treasury by the Bitfinex in three separate transactions. Reportedly, the transfers were made thrice in October sending 200 million, 200 million and 230 million USDT respectively. An independent researcher mentioned, “Tether will continue buying up USDT from the market, slowly taking more and more of them out of circulation.”

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