Wu Blockchain (@WuBlockchain): CryptoQuant: Tether Burns $2.5 Billion USDT on Ethereum, Largest Since February
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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. Meanwhile, Binance’s USDT balance on the Tron network fell to about $806 million, the lowest level since December 29, 2025, and below the $1 billion mark. Analysts noted that while Tether burns are typically related to treasury management and cross-chain rebalancing, the combination of a sharp Ethereum supply reduction and declining Tron liquidity on Binance warrants attention.