Tether and Binance Complete 300 Million USDT Chain Swap

However, in a surprising turn of events, just three minutes later, Whale Alert again announced that the entire amount had been burned at the Tether Treasury.

USDT supply on the TRON network has now been significantly diminished. Reportedly, the number is hanging in the neighborhood of 536 million. The number of USDT on TRON’s network was significantly more a while ago.

There has always been a correlation between USDT pumps and Bitcoin price swings. It has been suggested many times that Tether’s USDT is usually severely manipulated, to boost the price of Bitcoin whenever normal market factors pull it down.

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