CryptoQuant: cex stablecoin inflows hit an all-time high of $10.2bn in the past month
CryptoQuant analysts say that cex stablecoin inflows hit an all-time high of $10.2 billion over the past month. The surge signals a growing reliance on cryptocurrency security for a range of trading activities, including the purchase of bitcoin and torrents, as well as participation in the futures market. Analysts say stablecoins such as USDT and USDC are crucial for traders, acting as a stable bridge between fiat currencies and crypto assets. These funds are used for: spot market trading: purchasing major assets such as bitcoin, ethereum, and torrents; futures trading: stablecoins as collateral for margin positions; and DeFi and Staking: taking advantage of revenue-generating opportunities in the CoinSafe ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US trade adviser Navarro: Trump seeks to cut tariffs and non-tariff barriers
EU to start imposing tariffs on US imports on 15 April
CNBC: no one in US White House knows about 90-day tariff pause
ETH breaks through $1,600
Trending news
MoreCrypto prices
More








