Crypto exchange Gemini burnt one million GUSD tokens; only 4.1 million remaining

On December 3, the famed cryptocurrency exchange Gemini burnt one million GUSD tokens. The news was reported on a Twitter account called Whale Alert, which stated that around one million GUSD stablecoins (1.035M) were burnt by the exchange. This number represents about one-fifth of the total supply of GUSD tokens, and there are only around four million (4M) GUSD tokens remaining in circulation. This is a significant development as the exchange is grappling with growth issues. So, when Gemini burnt one million GUSD tokens, it will certainly affect the overall supply of the tokens in the market. Their aim to