Tether: Destroyed 1.2 billion USDT on the Tron network in the early morning for chain swapping and redemption, total supply remains unchanged

ChainCatcher news, Tether announced on Twitter early this morning that it will destroy 1.2 billion USDT accumulated in the treasury wallet on Tron, as part of the chain swap and redemption from the past cycle. The total supply of USDT will not change during this process. On-chain data shows that just a few minutes after Tether released the above announcement, its treasury destroyed 1.2 billion USDT on Tron at 01:17 Beijing time.