Binance Experiences $7B Outflow of Stablecoins in a Single Day

More than $7 billion in stablecoins have been withdrawn from Binance in 24 hours, while the influx of “stablecoins” during the same time has amounted to about $4 billion.

According to reports, the most demanded assets were USDT, BUSD and USDC.

According to Nansen analysts, this is the largest outflow of coins since June.

Changpeng Zhao has said that against the backdrop of the collapse of Terra back in May, the volume of outgoing funds was even greater, and now “deposits are returning.”

According to DeFi Llama, the total value of coins at Binance’s disposal exceeds $60 billion and Ethereum dominates the asset structure with $32.5 billion or 54%.