Binance Sees $2.4 Billion Net Inflow: USDT and USDC as Safe Havens During Market Drop
Publication Time:2024-08-08 09:46:06
Following the market downturn since August 5th, global cryptocurrency exchange Binance has observed a net inflow of $2.4 billion. This statistic, recorded by Lookonchain, showcases that investors have maintained a certain level of confidence in the crypto sector during times of market volatility. During this period, USDT recorded a net inflow of $1.33 billion, with USDC recording a net inflow of $519 million. This implies that some investors chose to purchase cryptocurrencies at lower prices, in search of potential investment opportunities. As market uncertainties rise, USDT and USDC, being relatively stable digital currencies, have emerged as safe havens for investors. These statistics highlight the participants' optimistic outlook on the long-term perspective and the increasing demand for stablecoins.
USDT
Binance
USDC
net inflow
Market Drop