Despite the FUD (Fear, Uncertainty, and Doubt) surrounding the departure of key executives, Binance has managed to attract nearly 2 billion USD in funds within the past 24 hours.
The surge in funds could potentially be attributed to a significant increase in the TrueUSD (TUSD) balance on the exchange within the past 24 hours.
According to data from DeFillama, the TUSD balance on Binance has surged to $2.65 billion from under $500 million.
Data from Glassnode reveals that the total TUSD balance across all exchanges was $512.92 million as of July 6th. However, a significant portion of $498.58 million, accounting for 96% of the total balance, is held on Binance.
Other exchanges such as OKX, Bitfinex, Gate.io, Huobi, and other platforms hold less than $20 million in TUSD stablecoin.