Binance and Coinbase See $9.3B Stablecoin Inflow

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As the crypto bull run gains momentum, Binance and Coinbase, two major centralized cryptocurrency exchanges, receive a massive inflow of ERC-20 stablecoins. With a $9.3 billion inflow, this is one of the largest inflows in the crypto industry. Such large-scale entry of huge ERC-20 stablecoins was last seen in September 2020 and February 2021, coinciding with the previous crypto market bull rallies. Hence, with the growing liquidity in the market and the rising demand, the bull run is likely to continue in the months ahead.