CryptoQuant: cex stablecoin inflows hit an all-time high of $10.2bn in the past month
CryptoQuant analysts say that cex stablecoin inflows hit an all-time high of $10.2 billion over the past month. The surge signals a growing reliance on cryptocurrency security for a range of trading activities, including the purchase of bitcoin and torrents, as well as participation in the futures market. Analysts say stablecoins such as USDT and USDC are crucial for traders, acting as a stable bridge between fiat currencies and crypto assets. These funds are used for: spot market trading: purchasing major assets such as bitcoin, ethereum, and torrents; futures trading: stablecoins as collateral for margin positions; and DeFi and Staking: taking advantage of revenue-generating opportunities in the CoinSafe ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%