Onchain Lens said the issuer has minted 5 billion USDT since April 18, including the latest 2 billion token burn on Ethereum (smart contract blockchain).
Onchain Lens reported that Tether burned 2 billion USDT on Ethereum, a supply adjustment that removes tokens from circulation on the blockchain. The report also said Tether has minted 5 billion USDT since April 18, showing active management of the stablecoin's circulating supply. Such mint-and-burn activity is common in stablecoin markets and often reflects changes in demand or treasury operations, though the report did not give a reason for the latest transactions.