BTC $83,112.10 -0.38%
ETH $2,667.10 +0.60%
BNB $759.26 -1.29%
XRP $1.49 -0.29%
SOL $117.79 -1.88%
TRX $0.3342 +0.16%
DOGE $0.0932 -1.21%
ADA $0.2433 -3.37%
BCH $306.62 -2.33%
LINK $14.89 +6.15%
HYPE $86.76 -3.41%
AAVE $148.65 -1.61%
SUI $1.12 -9.26%
XLM $0.2264 +7.24%
ZEC $1,376.62 -11.94%
AAPL $337.68 -0.79%
AMZN $246.28 -0.95%
GOOGL $342.13 +0.07%
MSFT $508.02 -1.70%
META $715.96 -2.24%
NVDA $228.78 +2.12%
TSLA $357.51 -3.44%
SNDK $1,705.73 -1.50%
INTC $114.74 -3.89%
SPCX $145.93 -1.97%
MU $1,054.44 -1.07%
AMD $607.40 -1.53%
BTC $83,112.10 -0.38%
ETH $2,667.10 +0.60%
BNB $759.26 -1.29%
XRP $1.49 -0.29%
SOL $117.79 -1.88%
TRX $0.3342 +0.16%
DOGE $0.0932 -1.21%
ADA $0.2433 -3.37%
BCH $306.62 -2.33%
LINK $14.89 +6.15%
HYPE $86.76 -3.41%
AAVE $148.65 -1.61%
SUI $1.12 -9.26%
XLM $0.2264 +7.24%
ZEC $1,376.62 -11.94%
AAPL $337.68 -0.79%
AMZN $246.28 -0.95%
GOOGL $342.13 +0.07%
MSFT $508.02 -1.70%
META $715.96 -2.24%
NVDA $228.78 +2.12%
TSLA $357.51 -3.44%
SNDK $1,705.73 -1.50%
INTC $114.74 -3.89%
SPCX $145.93 -1.97%
MU $1,054.44 -1.07%
AMD $607.40 -1.53%

Tether burned 2.5 billion USDT on Ethereum in a single day, the largest scale since February

2026-07-08 12:08:05

CryptoQuant, citing on-chain data analysis, states that Tether Treasury has destroyed $2.5 billion worth of USDT on the Ethereum network, marking the largest single destruction on this network since February of this year. This scale exceeds the $2 billion destruction on May 8 and is second only to the historical high of $3.5 billion on February 10.

Meanwhile, the USDT balance flowing in and out of Binance through the Tron network has dropped to approximately $806 million, the lowest level since December 29, 2025 ($391 million), falling below the $1 billion mark, indicating a significant contraction in USDT liquidity in the Binance Tron channel. The large-scale destruction by Tether Treasury itself reflects more on redemptions, fund management, or cross-chain rebalancing operations rather than being a direct market signal; however, the simultaneous contraction of Ethereum's supply side and Binance's Tron liquidity is worth ongoing attention to see if the trend of tightening liquidity in dual-chain stablecoins continues.

app_icon
ChainCatcher Building the Web3 world with innovations.