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Stablecoin Inflows Surge to $100B Amid Crypto Dip

Published by
Sohrab Khawas

Weekly stablecoin inflows to exchanges doubled from $51 billion in late December to around $100 billion amid the recent crypto dip, surpassing the 90-day average of $89 billion. January transaction volumes reached $10 trillion, with USDC leading at $8.4 trillion, highlighting its speed and efficiency over traditional payments. U.S. Senator Cynthia Lummis urged banks to adopt stablecoins for custody and cheaper payment rails. Meanwhile, China banned unapproved yuan-linked stablecoins, and Binance CEO CZ is developing native stablecoins with multiple countries.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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