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Stablecoin Flows: USDT Continues to Lead Inflows
In the past 7 days, there have been another $1B inflows, equivalent to 0.4% of the total stable market cap. Over the last 30 days, stablecoin inflows have reached nearly $10B.
USDT continues to dominate stablecoin flows, leading with $7B in the past month and $1.6B in the last week. USDT inflows usually correlates with price increase in the market, since USDT is the primary stable used to buy tokens in CEXes.
In contrast, USDC has experienced its third consecutive week of outflows, amounting to 1% of its total market cap over the past month. This catalyst isnβt necessarily bad, since it could be the effect of people buying tokens.
USDS faced significant outflows this week, totaling $500M or 1% of its market cap. This often signals a risk-on stance, as investors and traders show increased confidence and deploy more capital.
