Binance saw a notable stablecoin divergence for the week ending Sep. 21 👀
• $USDT on ETH hit a 6-month netflow high, averaging +$80.8M/day
• $USDC outflows accelerated to -$70M/day
• Total stablecoin reserves still rose 0.33% WoW to $43.59B
The bigger picture? Capital doesn’t appear to be leaving crypto — it may simply be rotating between stablecoin rails. 🔄
#Bitcoin #Stablecoins #Binance
• $USDT on ETH hit a 6-month netflow high, averaging +$80.8M/day
• $USDC outflows accelerated to -$70M/day
• Total stablecoin reserves still rose 0.33% WoW to $43.59B
The bigger picture? Capital doesn’t appear to be leaving crypto — it may simply be rotating between stablecoin rails. 🔄
#Bitcoin #Stablecoins #Binance
