Binance and Tether Treasury have been involved in multiple large transfers of USDT stablecoins, each around 500 million USDT, between August 22 and August 26, 2025. These transactions indicate active liquidity movements between the exchange and the treasury. On August 26, Binance announced the launch of the final 500 million USDT quota for the Plasma USDT Locked Product on Binance Earn, set to go live at 11:00 UTC. This product offers users daily USDT rewards plus additional XPL token rewards following the Plasma Foundation's token generation event (TGE). The subscription limit per user for this final batch is capped at 10,000 USDT, with no further batches planned. The initiative aims to provide on-chain yield opportunities combining USDT annual percentage rates (APR) with exclusive token incentives. Additionally, smaller transfers between Bitfinex and Tether Treasury occurred, including movements of 140 million USDT, 150 million USDT, and 100 million USDT, reflecting ongoing stablecoin liquidity management across platforms.