CryptoQuant said Binance has seen persistent stablecoin withdrawals, including large USDT-ETH outflows and average daily net outflows of $115 million last week, while an unverified report cited $913 million in 24-hour USDT net outflows.
Binance is facing sustained stablecoin withdrawals, with CryptoQuant describing the pattern as structural rather than a one-off move. Over the past 30 days, USDC holdings on Binance fell from $5.75 billion to $4.6 billion. CryptoQuant also reported large USDT-ETH withdrawals, including nearly $1 billion on June 26 and $838 million on July 7, while last week stablecoins on Binance recorded average daily net outflows of $115 million. Separately, an unverified report cited $913 million in USDT net outflows over 24 hours; the supporting data for that figure has not been independently confirmed.