Stablecoins Boost Crypto Market With $3.2B USDT Inflows – CryptoQuant
19.11.2024
Since the U.S. presidential election on November 5, a significant influx of $3.2 billion in Tether (USDT) stablecoins has flowed into centralized cryptocurrency exchanges (CEXs), the highest since November 2021.
This surge in liquidity is sparking optimism in the market, as increased liquidity can reduce price volatility, facilitate smoother trading, and potentially drive higher crypto prices due to greater ease of buying and selling.
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