On August 6th, the net inflow of stablecoins to exchanges soared to nearly $1 billion, marking the highest level since April 2023. This surge comes on the heels of the market downturn on August 5th, which appears to have triggered a wave of buying activity, with both retail investors and institutions seizing the opportunity to buy the dip. Yesterday, the net inflow of stablecoins to exchanges reached nearly $1 billion, the highest since April 2023. pic.twitter.com/8CRzyWtl8i — IntoTheBlock (@intotheblock) August 7, 2024 Binance has been a major beneficiary of this inflow, with a staggering net inflow of $2.4 billion since
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