According to Wu Blockchain, data from CryptoQuant shows that on July 7, Tether destroyed $2.5 billion worth of USDT on the Ethereum network, marking the largest single burn since February this year. At the same time, the USDT balance on Binance's Tron network dropped to approximately $806 million, the lowest level since December 29, 2025, and fell below the $1 billion threshold. Analysts point out that while Tether burns are typically related to treasury management and cross-chain rebalancing, the significant contraction in Ethereum supply combined with the simultaneous reduction in Binance Tron channel liquidity may indicate that the liquidity of stablecoins on these two core chains is continuing to shrink. https://www.(wublock123.com)/news/news-64202