Viewpoint: Binance and Coinbase accounted for over half of the recent stablecoin inflows, becoming a major driving force behind this round of the rally

BlockBeats News, August 25th, Binance and Coinbase are currently leading the market's recent rebound. Data shows that as of August 21st, the largest single-day inflow of stablecoins, Binance saw a net inflow of approximately $20.261 billion, and Coinbase saw a net inflow of approximately $14.472 billion. The combined stablecoin inflows of the two exchanges accounted for over half of the total market inflow.

A significant influx of stablecoins into exchanges indicates a potential increase in buying pressure, with Binance and Coinbase possibly serving as the primary drivers of the recent cryptocurrency market surge.