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CryptoQuant: Binance stablecoin inflows hit record high of $10.20 billion in the past month

CryptoQuant analysts said Binance stablecoin inflows hit an all-time high of $10.20 billion in the past month. The surge shows a growing reliance on Binance for a range of trading activities, including buying bitcoin and counterfeit products, and participating in futures markets. Analysts say stablecoins such as USDT and USDC are vital for traders and serve as a stable bridge between fiat currencies and crypto assets. These funds are used for: cash market transactions: buying major assets such a...

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2024-11-22 19:02:01
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