USDT outflows overshadow inflows, yet a thin net surplus keeps exchange cash barely positive
Gross flows reached $1.36B in and $1.35B out, but the largest contributor USDT saw $144.2M more leave than arrive, shrinking the net build-up to just $8.28M.
Over 24 hours, total stablecoin deposits onto tracked venues hit $1.36B against $1.35B in withdrawals, netting a slender +$8.28M in deployable liquidity. Beneath that aggregate, USDT - the biggest mover - recorded $674.80M in and $819.00M out, meaning $144.2M in net USDT exited venues even as other stablecoins offset the bleed.
The pace of total flow sat at 0.97x the seven-day daily average of $2.80B, indicating activity has cooled slightly from its recent norm. This is cash placement, not a token sell-off, and the split direction inside the dominant asset introduces a fragility to the headline surplus.
