7月7日，Tether於以太坊網路銷毀總價值25億美元的USDT，單筆銷毀規模刷新今年2月後紀錄。與此同時，幣安交易所波場鏈USDT持倉餘額跌至約8.06億美元，創下2025年12月29日後最低水位，且跌破10億美元門檻。

分析提到，Tether銷毀代幣通常與財庫資產管理、跨鏈資金再平衡相關；但本次以太坊鏈流通量大幅縮減，搭配幣安波場渠道流動性同步下滑，反映兩大主流區塊鏈穩定幣流動性持續收緊。

n July 7, Tether burned USDT worth $2.5 billion on the Ethereum network, marking the largest single burn volume since February this year. Meanwhile, Binance’s Tron-based USDT holdings dropped to approximately $806 million, hitting the lowest level since December 29, 2025 and falling below the $1 billion threshold.

Analysts note that Tether’s token burns are generally tied to treasury management and cross-chain rebalancing. However, the sharp contraction in Ethereum supply paired with a simultaneous liquidity decline on Binance’s Tron channel suggests sustained tightening of stablecoin liquidity across the two major blockchains.