Binance Users’ Tether (USDT) Balance Falls 14.43% in Reserve Snapshot

Binance’s latest reserve snapshot showed user assets of Tether (USDT), Bitcoin (BTC), Ether (ETH) and BNB all declined from the previous reading, with Tether posting the largest percentage drop. The newer reading was timestamped Nov. 3 at 7 p.m. ET (Nov. 4 at 00:00 UTC). The prior reading was timestamped Oct. 30 at 8 p.m. ET (Oct. 31 at 00:00 UTC). At the newer reading, user assets totaled about 25.227 billion USDT, 685,500 BTC, 3.4461 million ETH and 42.512 million BNB. Compared with the prior snapshot, Tether fell about 4.256 billion USDT, or 14.43%.