Binance is weaponizing a new $USDT competition to aggressively hoard liquidity.
They’re effectively subsidizing user onboarding to widen the gap against $USDC. Watch the total daily volume shift over the next 48 hours; if it stalls, the strategy is failing to convert. A sustained spike in net deposits will prove if this spend is actually buying stickiness.
$USDT #Binance #Stablecoins #DYOR
They’re effectively subsidizing user onboarding to widen the gap against $USDC. Watch the total daily volume shift over the next 48 hours; if it stalls, the strategy is failing to convert. A sustained spike in net deposits will prove if this spend is actually buying stickiness.
$USDT #Binance #Stablecoins #DYOR