meaning
This chart shows the daily net flow of stablecoins in and out of exchanges for the top three stablecoins USDT, USDC, and BUSD. This metric only considers stablecoins issued and transferred on the Ethereum blockchain and exchange Glassnode monitors.
quick take
- A recent scrutiny of BUSD saw a significant outflow of stablecoins of around $250 million over the past week.
- BUSD saw an outflow of around $424 million, while USDT saw an outflow worth $68 million.
- However, USDC has recorded $170 million inflows in the past week.
Post Fifth largest stablecoin outflow on Ethereum in the last two years first appeared on CryptoSlate.
