Tether on Ethereum recorded its largest exchange outflow in nearly three months on Friday, with net USDT withdrawals totaling $1.29 billion, according to Santiment (crypto market analytics platform). Exchange outflows measure the amount of tokens leaving trading platforms, and large withdrawals can indicate that holders are moving assets into private wallets, custody solutions, or other off-exchange uses rather than keeping them readily available for trading. The update specifically refers to USDT on the Ethereum blockchain, highlighting notable movement in one of the market’s most widely used dollar-pegged stablecoins.