IntoTheBlock stated that there was a net inflow of 2.72 billion USDT into trading platforms yesterday, marking the largest net inflow since June 2022. The surge in USDT inflows seems to coincide with the recent market downturn and large-scale liquidations, which may have prompted traders to transfer stablecoins to trading platforms to increase collateral and protect their leverage positions.
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IntoTheBlock: 2.72 billion USDT flowed into the trading platform yesterday, the largest net inflow since June 2022
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