Binance still seeing strong stablecoin inflows

Stablecoin inflows to Binance remain solid, according to CryptoQuant contributor CW8900. CW8900 said $1.235 billion in stablecoins flowed into Binance on Monday alone, topping the average daily inflow over the past two months, while stablecoin inflows to other exchanges have been declining. Despite the short-term weak price trend, the buildup of sidelined buying power is a positive sign.