Crypto Exchange Gemini Burnt One-Fifth of Its GUSD Stablecoin Supply

Cointelegraph | Dec 4, 2019 at 1:29 PM
  • Whale Alert — a Twitter account dedicated to tracking large cryptocurrency transactions — reported on Dec. 3 that 1,035,020 GUSD were burnt in a single operation.
  • This number of tokens is equivalent to around 20% of what was the total GUSD circulating supply before the burn.
  • The remaining GUSD supply is a little more than 4.1 million GUSD.