Glassnode: stablecoins continue to flow to exchanges + simultaneously, BTC and ETH are outflows = the purchasing power of stablecoins on exchanges is growing (already by about $4 billion per month)
CryptoQuant has previously noted record stablecoin inflows to spot crypto exchanges. It is for spot (i.e. not for financing transactions with derivatives)
"Growing supply of stablecoins = bullish for crypto in the long term because the mass of stablecoins is "money waiting on the side and is potential gunpowder for future crypto purchases = fuel for a future rally" — Binance CEO
