Analyst: Tether can permanently burn blacklisted USDT
- —destroyBlackFunds has been in the USDT contract since 2017
- —It zeroes a blacklisted balance and deducts it from total supply
- —The action is irreversible and callable only by Tether's multisig
- —The DOJ described the process in a March 2025 seizure of about $9.02M USDT
Why it matters: The mechanism gives Tether full control over frozen funds, heightening risks for USDT holders under sanctions or investigations.
Source: ChainCatcher 链捕手