The exchange recorded $1.4 billion of the net outflows in June alone as its tracked USDC balance fell 19%, while USDC’s total supply also contracted over the same period.
Binance posted $1.8 billion in net USDC outflows in Q2 2026 following its MiCA setback, with $1.4 billion of that leaving in June alone. Its tracked USDC balance dropped 19% during the quarter. The move suggests users pulled Circle’s dollar-pegged stablecoin from the exchange rather than simply rotating within Binance, although the broader picture is more complex because USDC’s total supply also shrank over the same period. MiCA (European Union crypto rulebook) has reshaped how exchanges handle stablecoins in Europe, making exchange-level balance shifts a closely watched signal for market share, compliance positioning, and user preference.