Recently, we witnessed a significant surge in stablecoin inflows to exchanges, particularly on Binance.
On December 5th, Binance's stablecoin netflow reached $13 B, dwarfing the $1.6 billion netflow recorded by OKX, the second-largest stablecoin exchange netflow during the same period.
This massive influx of stablecoins fueled Bitcoin's rally and pushed it to reach the100k target.
In 2024, Binance recorded a total of $22B in stablecoin inflows, solidifying its position as a major driver of market liquidity and activity.
Written by Darkfost