
Tether burns $2.5B USDT, largest since Feb 2026, keeping stablecoin peg steady amid market demand.
Tether conducted a major burn of $2.5 billion USDT on the Ethereum network on July 7, 2026, reducing the circulating supply by about 1.3%. This burn was driven by large customer redemptions rather than a strategic move to reduce supply, as the USDT p...
