Binance Records Highest October USDT Outflow at Nearly $50 Million
Binance experienced its largest hourly USDT outflow of October, exceeding previous highs by over $3 million.
Binance experienced its largest hourly USDT outflow of October, exceeding previous highs by over $3 million. Tether (USDT) is trading at ₹94.97 ($0.9993). This is an original Token Times brief based on reporting by The Cryptonomist, with live market data added, as of Sat, 24 Oct 2026 19:00:01 UTC.
This significant USDT movement highlights potential shifts in investor sentiment or trading patterns on Binance, the world's largest crypto exchange, and could indicate changing liquidity dynamics within the stablecoin market.
- Binance's October USDT outflow peaked at 49.9571 million USDT in a single hour.
- The outflow surpassed the previous October high by over 3 million USDT.
- USDT market cap remains stable at $182.5 billion despite the outflow.
- Dogecoin ETF Records Largest Weekly Outflow in October
- Binance Records Highest October USDT Outflow at Nearly $50 Million — this brief
Binance, the world's largest cryptocurrency exchange, experienced its largest hourly USDT outflow of October, with 49.9571 million USDT leaving the platform in a single hour. This figure represents a notable increase from the previous October high of 46.7223 million USDT.
The substantial outflow could indicate shifting investor behavior or increased trading activity on the platform. Despite the large outflow, the overall USDT market cap remains stable at $182.5 billion, according to live market data.
The outflow comes at a time when the total cryptocurrency market cap is around $2.75 trillion, with 
Bitcoin down 1.58% in the last 24 hours. The Fear & Greed Index currently stands at 51, indicating a neutral market sentiment.
While this outflow is significant for Binance, it represents a small fraction of USDT's total circulating supply. The stablecoin's price has remained relatively stable at $0.999267, with minimal 24-hour and 7-day changes.
Since this brief published about 2 hours ago, Tether (USDT) has moved from ₹94.97$0.9993 to ₹94.97$0.9993 — -0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹101.7 (about $0.9993), up 0.0% over 24 hours. The rupee itself trades about 7.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 24, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Records Highest October USDT Outflow at Nearly $50 M — questions & answers
What caused the large USDT outflow from Binance?
The exact cause is unclear, but it could reflect shifting investor sentiment or increased trading activity.
How does this outflow impact USDT's market cap?
The USDT market cap remains stable at $182.5 billion despite the outflow.
What is the broader market context for this event?
The total crypto market cap is $2.75T, with Bitcoin down 1.58% in the last 24 hours.
How much is 1 Tether worth in rupee today?
About ₹101.7 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9993. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Cryptonomist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.