Tether Treasury burned a net 1B USDT, including 1B USDT minted on Tron and 2B USDT burned on Ethereum in the past 1.5 hours:

• mint transaction: 5cdd3ec92e6d2da9da2930a7019e83c53e8f730afee6677e45e66a92c45aa8a3
• burn transaction: 0xe8cde72581256742c836912734c33175ebb322dcb2fbd4e8c9d0125415d6555f
• Tron address: TKHuVq1oKVruCGLvqVexFs6dawKv6fQgFs
• Ethereum address: 0x5754284f345afc66a98fbb0a0afe71e0f007b949

Since January 1, 2024, Tether has minted a net. 57B USDT across Tron and Ethereum, while burning twice:

• 2B USDT on December 31, 2024;
• 1B USDT on March 1, 2025.

Both burns followed steep BTC corrections.

Fig 1. Tether Treasury's USDT minting history since January 1, 2024.