I don’t understand why this needs to be “authorized” in advance rather than authorized and issued on demand. Unless FTX, for example, has a line of credit that allows them to pull from authorized supply whenever they want and provide collateral after the fact.https://twitter.com/paoloardoino/status/1424485122108239879 …
Check "Authorized" section:https://tether.to/tether-issuance-primer/ …
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In that case, why burn the tokens moved to the treasury during a chain swap, such as the Tron->Ethereum just the other day? Just a symbolic gesture?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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