Get Custom Taxonomy Terms by Date

This is the working code:

// latest edition
$taxonomies = array( 
    'jjm_editions'
);              
$args = array(
    'orderby'    => 'ID', 
    'order'      => 'DESC',
    'hide_empty' => false,
    'number'     => '1'
);              
$terms = get_terms($taxonomies, $args);
foreach ( $terms as $term ) {
    $term_link = get_term_link( $term );
    if ( is_wp_error( $term_link ) ) {
        continue;
    }
    echo '<a href="' . esc_url( $term_link ) . '">' . $term->name . '</a>';
}