Tether burned 2 billion USDT tokens on October 31, 2026, permanently removing them from circulation as part of its routine supply management. This burn represents just over 1% of the stablecoin's circulating supply, which remains around $180 billion. The move reflects normal operations to keep token supply aligned with dollar reserves, which recently showed a strong $7.95 billion excess cushion. Investors should watch if more tokens sent to Tether's Treasury are redeemed or burned, and how supply and reserves evolve in upcoming reports.
Tether's recent burn of 2 billion USDT tokens coincides with a stable price of Rp18.111 on Pluang as of Nov 02, 2026, 22:23 WIB. The market shows a slight 0.04% decrease in USDT price, while trading volume remains high at Rp790,1 trillion. Investor activity leans heavily towards selling, with 76% of orders on Pluang being sell orders and an average holding period of 92 days.
On November 2, Binance transferred 100 million Tether (USDT) tokens to an unidentified wallet, marking a significant outflow of the stablecoin from the exchange. The recipient wallet remains unnamed, and the transaction details confirm Binance as the...
In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...
Binance's proof-of-reserves snapshot on October 31 revealed a 0.52% increase in Bitcoin (BTC) balances, rising by 3,614 BTC to about 692,200 BTC since October 1. However, balances of Ether (ETH), Tether (USDT), and Binance Coin (BNB) declined during ...
Binance transferred a total of $400.8 million in cryptocurrency to unknown wallets within a three-hour period ending at 1 p.m. ET on November 1. The largest transaction was a $190 million transfer of two million Solana (SOL) tokens. Other significant...
In a three-hour period ending at 10 a.m. ET Sunday, ten large cryptocurrency transfers totaling $1.94 billion were recorded, with the largest being a $348.4 million Tether (USDT) transfer to Binance. Exchange outflows exceeded inflows, signaling sign...
