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🚨BIS REPORT: $600B IN CROSS-BORDER CRYPTO FLOWS #DOMINATED BY SPECULATION
🔹Bitcoin, Ether, USDT, and $USDC flows hit $600B in Q2 2024.
🔹BIS links flows mainly to speculative motives, global funding trends.
🔹Stablecoins, low-value BTC also used for remittances amid fiat inflation.
🔹U.S., U.K. led ETH, USDC usage; Russia, Turkey dominated USDT transfers.
🔹BIS warns of crypto’s growing ties to traditional finance, risks to stability.$ETH
$BTC
🔹Bitcoin, Ether, USDT, and $USDC flows hit $600B in Q2 2024.
🔹BIS links flows mainly to speculative motives, global funding trends.
🔹Stablecoins, low-value BTC also used for remittances amid fiat inflation.
🔹U.S., U.K. led ETH, USDC usage; Russia, Turkey dominated USDT transfers.
🔹BIS warns of crypto’s growing ties to traditional finance, risks to stability.$ETH
$BTC
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