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
Lighter falls 11% after Bitwise’s LIT ETP launch – But there’s a catch!
To fit more HBM into chips, Nvidia accelerates advancement of glass substrate technology
German equipment manufacturer SCHMID has disclosed that it is collaborating with core firms in the supply chains of Intel, Nvidia, and AMD to develop glass substrate production equipment. Glass substrates are expected to replace silicon interposers, enhancing packaging density and data transmission capacity, and allowing for the integration of more HBMs. However, obstacles remain in the TGV metallization process, end-customer certification has not yet been completed, and large-scale commercialization will still take time.
Soma Gold Appoints New President
Keysight VP and Controller Lisa M. Poole sells 200 shares for $69,602.00
Crypto prices
More
