USDC Exchange Inflows Reverse Two-Month Outflow Trend
USDC exchange inflows have begun to recover after a two-month streak of outflows that started on May 11, according to CryptoQuant data. The reversal is seen as an improvement in market liquidity conditions and buying power.
CryptoQuant's analysis indicates that US investors are once again depositing USDC onto exchanges, which historically has been associated with increased buying power and upward price movement.
The broader stablecoin market continues to see moderate shifts in capital flows. According to DeFiLlama data, weekly stablecoin outflows have been declining, dropping from $1.34 billion to $121.9 million the previous week.