CryptoQuant: Binance stablecoin inflows hit a record high of $10.2 billion in the past month

Odaily News CryptoQuant analysts said that Binance's stablecoin inflows hit a record high of $10.2 billion in the past month. The surge shows that a range of trading activities are increasingly relying on Binance, including buying Bitcoin and altcoins, and participating in futures markets. Analysts said that stablecoins such as USDT and USDC are crucial for traders and are a stable bridge between fiat currencies and crypto assets. These funds are used for: spot market trading: buying major assets such as Bitcoin, Ethereum and altcoins; futures trading: stablecoins are used as collateral for margin positions; DeFi and Staking: taking advantage of yield-generating opportunities in the Binance ecosystem.