Tether Treasury receives $499.59M USDT from Binance as exchanges post net stablecoin outflows
An 8-year-old Tether Treasury wallet absorbed nearly half a billion USDT directly from Binance, the largest single on-chain move in six hours, while wider exchange flows bleed cash.
The trigger transaction moved $499.59M USDT off Binance to wallet 0x5754, a Tether Treasury entity active since 2017 with a 99% stablecoin history. Over the past 24 hours, exchange USDT flows show $624.85M in versus $1.53B out across 54,209 transfers - net outflow.
Recent wallet-route context shows prior outgoing activity from this treasury reached exchange wallets in one hop, but that history is separate from the trigger funds and does not imply a round-trip.