Stablecoin Surge on Crypto Exchanges Marks Market Revival
- On February 19, stablecoin inflow to exchanges reached $450 million.
- Binance received a significant portion with 920 million USDT.
- Tether’s treasury contributed approximately $800 million of Binance’s inflow.
- $1.25 billion in new stablecoins was authorized for issuance.
- Tether issued 1 billion USDT on the TRON network.
- Circle minted 250 million USDC on Solana’s blockchain.
The influx of $450 million in stablecoins to exchanges on February 19, including Binance’s receipt of 920 million USDT, highlights increased liquidity and potential market movements.
Source (2.6)https://hodl.press/experts-report-surge-of-stablecoins-on-crypto-exchanges/?rand=24434
