$2bn of USDT destroyed on Ethereum at block 26,327,840
1 independent sourcefirst seen published latency 8 min
ETHEREUM · BLOCK 26,327,840
$2,000,000,000 of USDT was destroyed on Ethereum at 14:57 UTC, in a single supply transaction.
A burn removes tokens from the supply, usually when holders redeem them for the underlying currency. This site has no comparable event on record yet. More on what a stablecoin is.
Source data: USDT contract logs on Ethereum, via a public JSON-RPC node
This article is for information only and is not financial advice.
What the market did
Price reactionnot recorded
Independent outletsnot recorded
Reports per hournot recorded
Noveltynot recorded
Before the headlinenothing above $100,000,000 in the 60 minutes beforea random hour: 13.1%
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
Tags: on-chain, stablecoin burn, on-chain
