Today, 6.6 billion USDT was burned in a single transaction - C | Crypto News

Today, 6.6 billion USDT was burned in a single transaction - CEO Tether said that this is the result of the latest redemptions of 11.1 billion USDT (6.6 billion USDT on the Tron blockchain and 4.5 billion USDT on the Ethereum blockchain).

In simple words: clients withdrew huge amounts in fiat, and Tether burned an identical amount of tokens.