Binance Loses $1.2B in Stablecoin Outflows as Crypto Liquidity Dries Up in May

TLDR: Binance recorded $1.2B in net stablecoin outflows in May, reversing two months of positive inflows. Bitcoin dropped 3.5% in May while the S&P 500 and Nasdaq posted gains of 5.15% and 10.5% respectively. Binance stablecoin reserves have fallen from $51B to $44B since November 2024, a decline of 13.7%. Analysts describe Bitcoin’s current rebound [...]

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