Back in 2018 Tether's market cap was close to 2,8 Billion, and it was the first time when they actually stopped printing USDT and instead started burning tokens to reduce the total supply and stabilize towards the USD.
Tether did burn 1 Billion USDT in a few months between September and December 2018, with Bitcoin's price diving to 3K at that time.
There was recently a report of Binance sending 300million USDT back to Tether reserves, although this time it seems there is no need to panic ( at least not yet) as Tether explained that there will be a swap from ERC20 into TRC20 and the tokens will be added in the Tron blockchain.
According to Coingecko the Tether market cap right now is $9,639,976,560 and reaching 10 Billion will soon happen. This will be a milestone for the controversial USDT which has everyone in disbelief about their actual reserves since the end of 2017.
Tether never allowed an audit and there had been many problems with their sister company Bitfinex which was hacked in 2017 and at some point was losing 850 million USD, which was again covered with USDT funds and some kind of undisclosed loans.
Certainly there is an issue there and it might take years to resolve. Many people fear another MtGox happening with Bitfinex, still the market is not dependent on just one exchange as in the past and I think that there is need for more transparency.
The people that fear that money will be lost again if they come out with what they know about Tether, Bitfinex and other exchanges that mismanaged funds of their users, they should know that not talking will eventually create more problems.
Anyway my fears had to do with Tether reducing their total supply, which was not the case. A reduction of Tether supply would mean one thing only that there was no interest and it will be a bad omen for prices.