6 days ago

Binance Stablecoin Inflows Top $1.5B as ERC20 USDT Dominates Exchange Flows

TLDR: Binance stablecoin netflows surpassed +$1.5B on May 14, reversing days of heavy outflows. ERC20 USDT drove most inflows, with only $99M in TRC20 USDT outflows recorded that same day. Deposit transactions on Binance neared 85,000 in a day, reflecting broad wallet-level activity. Stablecoin demand stays reactive to BTC price swings between the $80K and [...]

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Source: Blockonomi →