Tether Burns $2.5 Billion USDT on Ethereum in Largest Single Burn Since February 2026

cryptocrypto-markets 2 posts · 2 accounts

Tether burned $2.5 billion in USDT stablecoins on the Ethereum network on July 7, marking the largest single supply reduction since February 2026.

Binance’s USDT balance on the Tron network simultaneously fell to approximately $806 million, the lowest level since Dec. 29, 2025. While such burns are typically tied to treasury management and cross-chain rebalancing, analysts noted that the combined liquidity shift warrants attention.

From the sources (2 posts)

@wublockchain

CryptoQuant: Tether Burns $2.5 Billion USDT on Ethereum, Largest Since February According to CryptoQuant, Tether burned $2.5 billion worth of USDT on the Ethereum network on July 7, marking its largest single burn since February 2026. Mean

@cointelegraph

🚨 TODAY: 2,500,000,000 USDT was burned at the Tether Treasury on Ethereum.

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