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Santiment: Over $1.2 Billion Worth of Stablecoins Deposited to Exchanges Amid Crypto Market Pullback

Amy Liu

Summary: Blockchain analytics firm Santiment says that crypto exchanges saw their largest hourly inflow of stablecoins this year amid the recent correction and consolidation in the markets. Santiment wrote, “The largest 1-hour Tether inflow to exchanges of the entire year occurred Thursday. At 8 am UTC, over 771.6 million USDT was transferred to exchanges. Then, just ...

Blockchain analytics firm Santiment says that crypto exchanges saw their largest hourly inflow of stablecoins this year amid the recent correction and consolidation in the markets.

Santiment wrote, “The largest 1-hour Tether inflow to exchanges of the entire year occurred Thursday. At 8 am UTC, over 771.6 million USDT was transferred to exchanges. Then, just 6 hours later, 454 million USDC was then transferred to exchanges, a 4-month high of its own.”

By Amy Liu

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Link: Santiment: Over $1.2 Billion Worth of Stablecoins Deposited to Exchanges Amid Crypto Market Pullback   [Copy]
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