Tether (USDT) Inflows Surge as Stablecoin ‘Fuel’ Powers Crypto Bull Rally
Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future.
In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for more than two months now.
USDT’s Daily Inflows to Exchanges
According to the latest data compiled by Santiment, there has been an average net inflow of approximately $40 million per day USDT to cryptocurrency exchanges over the past eight weeks. These inflows have acted as critical ‘fuel’ for many historic crypto price pumps, contributing to the positive sentiment and liquidity…
