Technomelon. Elder zoomer. Trolling Farcaster. Founder of /post-irony. CHRISTIAN BATTLE RAPPER

CryptoQuant analysts have stated that the inflow of stablecoins has reached a historic high of $10.2 billion in the past month. This surge indicates that a range of trading activities are increasingly reliant on Binance, including buying Bitcoin and altcoins, as well as participating in futures markets. Analysts say that stablecoins such as USDT and USDC are crucial for traders, serving as a stable bridge between fiat currencies and cryptocurrency assets. These funds are used for: spot market trading: purchasing major assets such as Bitcoin, Ethereum, and altcoins; Futures trading: stablecoins serve as collateral for margin positions; DeFi and Staking: Utilizing the revenue generated opportunities within the Binance ecosystem. @dristov