Tether posts record USDT net outflows on Ethereum, topping $5.03B

AI Market Summary
Santiment data shows a record net USDT outflow from Ethereum, exceeding the prior 2022 peak, signaling a sharp shift in stablecoin positioning on the chain. This can tighten on-chain dollar liquidity and reflect reallocation to other networks, exchanges, or fiat off-ramps. Despite the outflow, USDT network P\u0026L hit a five-month high, indicating active flow dynamics rather than purely risk-off behavior.
Impact level
● Medium
Affected assets
ETH/USDT-2.29%
AI Insight · ETH/USDTAI Insight
● Neutral
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Tether saw a net outflow of $5.03 billion in USDT on Ethereum, setting a new high and eclipsing the prior record of $4.43 billion logged on June 19, 2022. Santiment data also showed USDT network net profit and loss rising to a five-month peak of $2.92 million.