Tether tokens are sometimes burned to reduce the number of authorized tokens in existence on a particular blockchain.
These authorized tokens can come from customers redeeming their Tether holdings for fiat currency. These redeemed Tether tokens can also be held in Tether's vault (and therefore not in circulation or part of the total market cap) for future issuance.
In certain circumstances, Tether may also remotely seize and destroy Tether tokens in response to a request from a government, law enforcement, or other agency.
