Tether Just Burned $2 Billion USDT – Bullish or Bearish for Crypto?

May 9, 2026 - 15:00
Tether Just Burned $2 Billion USDT – Bullish or Bearish for Crypto?
Tether burned $2B USDT on Ethereum after minting $5B since April 18, raising fresh crypto liquidity questions. Tether reportedly burned $2 billion worth of USDT on the Ethereum network, while its recent issuance activity remains under market watch. The burn came after Tether minted $5 billion USDT since April 18, with $2 billion later removed...

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