Stablecoin Market Cap Hits New High as $70 Billion Pours Into Exchanges Daily

Stablecoins are often seen as a reserve capital in the crypto market, which can drive up the prices of Bitcoin and altcoins. In June, the total market capitalization of stablecoins continued to break records.

However, the stablecoin inflow to centralized exchanges (CEX) is showing signs of decline.

70 Billion USD of USDT and USDC Flow into CEXs Daily

Using data from CryptoQuant, analyst Axel Adler Jr. reported that in December 2024, when Bitcoin was trading between 98,000 USD and 100,000 USD, the daily inflow of USDT and USDC to CEX reached a record high of 131 billion USD.

By June 2025, this number had dropped to 70 billion USD per day. Although this represents a significant 30% decrease, the volume of inflow remains significantly higher compared to 2021-2024.

This change may reflect a more cautious investor sentiment. Bitcoin is trading near its all-time high, and global geopolitical tensions have created a layer of uncertainty. Nevertheless, the current stablecoin inflow remains substantial, indicating that investors have not abandoned their price appreciation expectations.

"This decline reflects the natural cooling of excessive price momentum, while BTC maintaining above 100,000 USD shows that market participants are ready to maintain positions and limit selling. We are currently witnessing a consolidation and foundation-building phase before the next move," Axel Adler Jr said.

Axel's perspective suggests a sideways period for Bitcoin, as the market awaits the next major move.

Short-Term Optimism as Binance Inflow Surges

Looking at short-term activity, analyst Amr Taha noted the recent recovery of stablecoin inflow to Binance. He emphasized that in the second week of June, the net stablecoin inflow to Binance exceeded 400 million USD in just a few days. This is a significant jump compared to early May.

Additionally, on June 16, Binance recorded a large net Bitcoin withdrawal, with nearly 4,500 BTC withdrawn from the exchange in just one day.

By combining these two signals, Amr suggests that Bitcoin may be preparing for a potential breakthrough.

"Strong Bitcoin withdrawals and simultaneous stablecoin deposits create a supply-demand asymmetry. With fewer BTC available on exchanges and increasing liquidity to drive purchases, the stage is set for a potential price breakthrough," Amr Taha predicted.

Stablecoin Market Cap Reaches New Peak in June

According to defillama, the total stablecoin market capitalization exceeded 251 billion USD in June.

Tether (USDT) alone has surpassed 155 billion USD in market capitalization. Recently, Tether has been issuing USDT at a rapid pace. CryptoQuant analysis reveals that so far in 2025, there have been 17 issuances of over 1 billion USD USDT each time on TRON (TRC-20).

With stablecoin market cap increasing and exchange inflow remaining stable, investors seem to be waiting for a strong enough signal that could alleviate current concerns and trigger large-scale purchases of Bitcoin and Altcoins.