Binance Stablecoin Outflows Exceed $1B in 30 Days, USDC Down 21.6%

According to CryptoQuant, Binance has experienced structural stablecoin outflows over the past 30 days. USDC holdings on the exchange declined from $5.75 billion to $4.6 billion, a drop of 21.6%, while USDT-ETH withdrawals spiked to nearly $1 billion on June 26 and $838 million on July 7.

The daily average net stablecoin outflow reached $115 million last week. CryptoQuant warned that such simultaneous capital outflows typically indicate a shift toward cold storage, DeFi protocols, or off-exchange trading, reducing the market's ability to absorb selling pressure during volatility.