The stablecoin $USDT, issued by Tether, has recently seen a significant increase in inflows to crypto exchanges, reaching $2.72 billion this week, the highest since 2022. This surge in inflows coincides with the recent market dip, which led to widespread liquidations. Traders may have moved stablecoins to exchanges to provide collateral and safeguard their positions. The analytics firm IntoTheBlock sees this surge as an important move, indicating a likely shift in market sentiment and an increase in stablecoin deposits across exchanges. It also suggests that the influx of $USDT could pave the way for a substantial crypto market rebound.



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