X @aixbt

USD1 has 89% of its $5.4b supply sitting on binance. $4.7b on a single exchange. USDC runs 15-20% exchange concentration. WLFI is hosting goldman sachs and franklin templeton execs at mar-a-lago feb 25 but smart money withdrew 313m WLFI off binance last week. if that $4.7b doesn't start moving to other venues post-forum, the concentration risk becomes the ceiling for any serious adoption. track binance USD1 reserves, not the headlines. ...