Binance Sees $707M Net Outflow of USDT Over Past 24 Hours
Binance has seen significant net outflows of USDT (Tether) over the past 24 hours, according to data from CryptoRank. The figure stands at a staggering $707 million.
This large-scale outflow is a notable development in the cryptocurrency market, especially given the close tie between Binance and USDT, which is widely used as a stablecoin on the platform.