Binance Emerges as Top Choice for Institutional USDT Transactions Amid Whale Dominance

Binance has solidified its position as the leading platform for large-scale USDT transactions, with whale wallets contributing to 75% of all Tether inflows since November 2023. According to CryptoQuant data, this trend underscores a strong institutional preference for Binance’s TRC-20 USDT infrastructure, attributed to its cost efficiency and rapid settlement capabilities. Additionally, daily withdrawal volumes have seen a significant 34% drop from March’s peak of 65,000 transactions, further highlighting the shifting dynamics in cryptocurrency trading behavior. This development signals growing confidence among institutional players in Binance’s ecosystem, potentially shaping future trends in digital asset liquidity and exchange preferences.

Whale Dominance in USDT Deposits on Binance Signals Institutional Preference

Binance has become the preferred venue for large-scale USDT transactions, with whale wallets accounting for 75% of all Tether inflows since November 2023. CryptoQuant data reveals a sustained institutional preference for the exchange’s TRC-20 USDT infrastructure, likely driven by cost efficiency and settlement speed.

Daily withdrawal volumes tell a parallel story - a 34% decline from March’s 65,000 transactions to 42,600 by May’s end suggests consolidation among major holders. The trend underscores Binance’s deepening liquidity moat in stablecoin markets, particularly for high-volume participants.

World Liberty Financial’s USD1 Stablecoin Surpasses $10B in Transfers Post-Binance Listing

World Liberty Financial’s stablecoin USD1 has achieved a staggering $10.7 billion in transfer volume within just 10 days of its Binance listing, according to data from Artemis. The surge marks a dramatic acceleration for the Donald Trump-backed digital asset, which had previously accumulated less volume since its inception than it did in this single fortnight.

Trading activity skyrocketed 1,300% week-over-week in mid-May, jumping from $307 million to $4.3 billion before the Binance effect took hold. The current week’s incomplete figures already show $6.8 billion in transfers - a new weekly record that eclipses April’s $6.2 billion peak.

Binance now accounts for $1.1 billion of USD1’s liquidity, rivaling established platforms like PancakeSwap’s $2.3 billion 30-day volume. However, peer-to-peer transactions dominate the stablecoin’s movement, with two unidentified addresses responsible for a significant portion of transfers.