Stablecoin Market Soars Past $250B as Investor Confidence Hits New Highs: Binance Report
Stablecoins just smashed another milestone—$250 billion in circulation. That’s not just a number; it’s a neon sign flashing 'bull market' in the face of skeptics.
Why the surge? Binance’s latest report points to one word: optimism. Traders are piling in, hedging bets, and yes—maybe even pretending they understand 'yield farming.'
Meanwhile, traditional finance clings to its 0.5% savings accounts. Good luck with that.
Returns on investment from public firms related to the crypto industry | Source: Binance Research
EFT inflows were strong, despite volatility
ETF inflows were strong despite market turbulence, according to the Binance Research report. Net inflows for Bitcoin and ethereum (ETH) ETFs stood at $4.5 billion and $1.16 billion, respectively.
Still, traders experienced significant liquidations, highlighting the growing divide between short-term speculators and long-term investors. On June 22, the market saw the largest three-day liquidation event since February, primarily triggered by the escalation of conflict between Israel and Iran.
The war, which the U.S. entered directly, threatened to drive oil prices to record highs, raising fresh concerns about inflation and adding pressure to risk assets, including crypto.
