⚪ Stablecoins: Liquidity Rotates Between Rails While Concentrating at Binance
Stablecoin netflow into #Binance averaged +$33.3M/day, while USDT(TRX) fell to -$12.1M/day — pointing to rail rotation, not fresh capital.
Tron-side USDT minting stayed at $0, with Binance’s TRX reserve falling 14.8% WoW to $1.22B.
USDC saw heavy churn: $988.8M/day minted vs. $982.6M/day burned, leaving supply nearly flat.
Yet Binance concentration rose: all-stable ESR reached 0.3009, near its six-month high of 0.3046.
USDT(ETH) reached 0.4282, while USDC’s Binance ratio rose 17.6% to 0.1086 and reserve hit $5.52B.
⚠️ Dry powder is concentrating, but without supply expansion; renewed Tron minting would be the cleaner confirmation of fresh capital. #Stablecoins #USDT #USDC
Stablecoin netflow into #Binance averaged +$33.3M/day, while USDT(TRX) fell to -$12.1M/day — pointing to rail rotation, not fresh capital.
Tron-side USDT minting stayed at $0, with Binance’s TRX reserve falling 14.8% WoW to $1.22B.
USDC saw heavy churn: $988.8M/day minted vs. $982.6M/day burned, leaving supply nearly flat.
Yet Binance concentration rose: all-stable ESR reached 0.3009, near its six-month high of 0.3046.
USDT(ETH) reached 0.4282, while USDC’s Binance ratio rose 17.6% to 0.1086 and reserve hit $5.52B.
⚠️ Dry powder is concentrating, but without supply expansion; renewed Tron minting would be the cleaner confirmation of fresh capital. #Stablecoins #USDT #USDC
