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.
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