Fifth biggest outflow of stablecoins on Ethereum in the past two years

Definition

This chart shows the daily net flow of stablecoins moving in and out of exchanges for the top three stablecoins USDT, USDC, and BUSD. This metric accounts only for stablecoins issued and transferred on the Ethereum blockchain and exchanges Glassnode monitor.

Quick Take

• Recent scrutiny over BUSD has seen significant outflows of stablecoins, roughly $250 million in the past week.
• BUSD has seen outflows of roughly $424 million, while USDT has seen $68 million worth of outflows.
• However, USDC has seen inflows of $170 million over the past week.

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