🚨Tether Burns 1B USDT🔥

On the last day of 2024, Tether burned 1B $USDT, reducing the supply from 138B to 137B, raising questions about the crypto market’s direction. The burn comes after smaller liquidity withdrawals and a market dip, briefly sending $BTC under $93K.⬇️

Tether removed 2B USDT from the #Tron network, shifting liquidity towards #Ethereum . This contraction, especially in TRON-based USDT, signals potential shifts in market dynamics, with DeFi on Ethereum gaining momentum.🌐

Is this the start of more #stablecoin adjustments in the EU? With regulatory pressure building, the supply of USDT could be facing tighter constraints.📉