Binance saw a notable stablecoin divergence for the week ending Sep. 21 đ
âą $USDT on ETH hit a 6-month netflow high, averaging +$80.8M/day
âą $USDC outflows accelerated to -$70M/day
âą Total stablecoin reserves still rose 0.33% WoW to $43.59B
The bigger picture? Capital doesnât appear to be leaving crypto â it may simply be rotating between stablecoin rails. đ
#Bitcoin #Stablecoins #Binance
âą $USDT on ETH hit a 6-month netflow high, averaging +$80.8M/day
âą $USDC outflows accelerated to -$70M/day
âą Total stablecoin reserves still rose 0.33% WoW to $43.59B
The bigger picture? Capital doesnât appear to be leaving crypto â it may simply be rotating between stablecoin rails. đ
#Bitcoin #Stablecoins #Binance
