Binance platform TRX chain USDT inflows surge 660% compared to the 30-day baseline.

BlockBeats news, September 17th, according to CryptoOnchain monitoring, as of September 15th, USDC inflows to Binance averaged $23.71 million per day, and Binance's total stablecoin reserves reached $43.44 billion. Among these, USDT and USDC net inflows on the TRX chain increased by 624% and 518% respectively compared to the 90-day benchmark, while USDT on the ETH chain saw an average daily net outflow of $23.89 million. The net inflow of USDT on the TRX chain to Binance averaged $91.73 million per day, a 660% increase compared to the 30-day benchmark.

Additionally, Binance's ESR indicator rose to 0.3022, indicating increased concentration of stablecoins within Binance. This change in fund flows aligns with the shift of purchasing power to Binance ahead of the FOMC meeting, but a direct causal relationship between the two cannot currently be confirmed.