👉👉All Types of Crypto Investors Are Rushing to Binance: It’s Passed $2 Billion 👈👈

Following Monday’s major drop, cryptocurrency investors have made billions of dollars worth of purchases. The total supply of the two largest stablecoins, Tether (USDT) and Circle (USDC), has increased by nearly $3 billion over the week. This increase suggests that investors are taking advantage of the opportunity to buy at lower levels.

According to blockchain analytics platform Lookonchain, Tether has transferred $1.3 billion worth of USDT to exchanges and market makers as of Monday. The market value of USDT has broken a new record by exceeding $115 billion. The market value of the second largest stablecoin, USDC, has increased by $1.6 billion this week, reaching $34.5 billion, its highest level since March 2023.

Investors have started to direct their funds to exchanges following the decline in cryptocurrency prices. According to data from DefiLlama, the world’s largest crypto exchange Binance received more than $1.5 billion in USDT and $820 million in USDC deposits in the four days following Monday’s crash.

Digital asset broker FalconX said that almost all investor groups, including hedge funds, venture funds, and individual investors, made net purchases. Stablecoins are usually pegged to fiat currencies such as the US dollar, acting as a bridge between traditional financial markets and digital asset markets. This increase in stablecoin supply indicates that the cryptocurrency market is generally on the mend.

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