IntoTheBlock: 2.72 billion USDTs flowed into the trading platform yesterday, the largest net inflow since June 2022
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2 hours ago 4,597
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According to Golden Finance, IntoTheBlock published an article saying that 2.72 billion USDTs flowed into the trading platform yesterday, setting the largest net inflow since June 2022.
The surge in USDT inflows appears to coincide with the massive liquidation caused by recent market declines, which may prompt traders to transfer stablecoins to trading platforms to increase collateral and protect leveraged positions.