Tether destroyed 500 million USDT Tokens to combat Token inflation

Last month has been one wild ride for Tether (USDT). Tether has seen massive influxes of USDT to its Treasury. This is due to the cryptocurrency losing “parity” with the USD. The entire cause of the loss of parity were doubts about Tether’s ability to access banking services and the lack of USD/USDT conversion. Last

Kraken has been flooded with Tether tokens, despite the downtrend

There is a huge flood of Tether (USDT) tokens into 1 particular wallet address. The address belongs to the Kraken exchange. Kraken remains one of the few places in the world, where you can convert your USDT into USD. The exchange’s wallet balance currently stands at 47.2 million USDT. According to the Tether rich-list, the