Stablecoin investors pull out $2.5b in a week following regulatory scrutiny

Stablecoin investors pull out $2.5b in a week following regulatory scrutiny

Binance and FTX logos are seen in this illustration taken, November 8, 2022. REUTERS/Dado Ruvic/Illustration

About $2.5 billion flowed out from Binance’s stablecoin this week, Binance’s CEO said on Twitter, after US regulators turned their sights on the cryptocurrency.