$499.51M USDT moves from Binance to Tether Treasury as exchange stablecoin outflows persist

A single transfer to Tether Treasury accounts for over a third of the $500.2M net stablecoin outflow from exchanges in the last day.

The trigger transaction sent $499.51M USDT from Binance directly to a Tether Treasury wallet on Ethereum. Separately, that wallet's history includes Bitfinex and Binance interactions, but this move split the funds across many wallets at once and is not tied to those prior routes.

Broader 24-hour USDT exchange flow confirms net cash leaving venues ($868.73M in, $1.37B out).