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Binance Transfer Sends 40 Million Tether Out of the Exchange

The recipient was described as an unknown wallet, and the observation offers no wider measure of Binance's USDT flows.

Updated 1 min read
A schematic shows one stablecoin transfer from an exchange to an unidentified wallet / TokenPost.ai
A schematic shows one stablecoin transfer from an exchange to an unidentified wallet / TokenPost.ai

A Nov. 15 observation recorded 40 million Tether (USDT) leaving Binance, a single movement that offers only a narrow view of the exchange's stablecoin activity.

A single transfer does not establish Binance's net USDT flows over a wider period.

The recipient was described as an unknown wallet.

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