Can't believe what I'm reading. Where are those large burns coming from? Didn't happen in the pasthttps://twitter.com/paoloardoino/status/1349644815647051776 …
Simple: Bitfinex had 65M of Tether EOS and basically no usage, while there is pressure on other chains hence it triggered a chain swap. Since the recent low usage of Tether EOS we decided to not keep treasury for it. Most activity is on Ethereum and Tron.
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Thank you Paolo for clarifying! So it's a chainswap and no "real burn"
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It's chain swap + burn for Tether EOS. We burned because there is no expected issuance on the EOS chain for Tether (since there wasn't for months). When we do chain swaps for ETH/TRX we usually don't burn and keep the USDt in treasury (authorized not issued) ready for demand.
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