CryptoQuant: Binance stablecoin inflows hit a record high of $10.2 billion in the past month

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ODAILY
11-23
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Odaily Odaily News CryptoQuant analysts said that Binance's stablecoin inflows hit a record high of $10.2 billion in the past month. The surge shows that a range of trading activities are increasingly dependent on Binance, including buying Bitcoin and Altcoin, and participating in the futures market. Analysts said that stablecoins such as USDT and USDC are crucial for traders and are a stable bridge between fiat currencies and crypto assets. These funds are used for: spot market transactions: buying major assets such as Bitcoin, Ethereum and Altcoin; futures trading: stablecoins as collateral for margin positions; DeFi and Staking: taking advantage of yield-generating opportunities in the Binance ecosystem.

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