$3.2 Billion Stable Coins Exit From Binance Exchange!


Leading analytics company Glassnode claims that top cryptocurrency exchange Binance is seeing withdrawals of stablecoins valued at billions of dollars.

According to Glassnode, over the course of a 30-day period, Binance has seen outflows of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) totaling $3.2 billion.

According to the Glass node chart, Binance's net withdrawals of dollar-pegged crypto assets this month appear to be at their highest level in almost three years.

The analytics firm also says that 57,300 BTC & more than $544.56 million worth of Ethereum (ETH) has been taken off the exchange on December 13th.