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Tether has destroyed 500 million tokens to keep the cryptocurrency rate

The Tether project has destroyed 500 million USDT steyblcoin tokens stored in the Treasury. Thus, the company maintains the stability of cryptocurrency, which has begun to lose actively in the course, the capitalization of virtual money has dropped to about $ 2 billion.

Now in the “Treasury” remains about 466 million USDT for further safety net and issue of crypto money.

The creators of Tether claim that their cryptocurrency is pegged to the dollar, and attribute it to the so-called stablebcoins. Direct binding to the US dollar is often questioned. Recently, by the way, the Japanese company GMO Internet announced plans to release a cryptocurrency tied to the yen rate in fiscal 2019.

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