POPA ReconBinance and Bybit See $2.3B in Stablecoin Outflows Over 30 Days
Binance and Bybit See $2.3B in Stablecoin Outflows Over 30 Days CryptoQuant analyst Darkfost said Binance’s stablecoin reserves fell by about $1.55 billion over the past 30 days, while Bybit recorded roughly $786 million in outflows, bringing the combined decline to nearly $2.3 billion. The drop may partly reflect MiCA-related user migration in Europe, weaker fresh inflows, and stablecoins moving into self-custody or onchain yield products, though the destination of the funds remains unconfirmed. — link
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