Stablecoins saw $1.7bn in net inflows last week…up 410% in a week

Source
JOON HYOUNG LEE

Summary

  • Messari said weekly net inflows into stablecoins totaled $1.7bn last week, surging 414.5% from the prior week.
  • Messari said demand for stablecoin issuance remains intact despite the legislative stalemate over the US crypto market structure bill (Clarity Act).
  • Messari said last week’s weekly stablecoin trading volume was $312.5bn and daily trading volume rose 9.5%, suggesting rising stablecoin usage among retail investors.

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Net stablecoin inflows trend. Photo=Messari
Net stablecoin inflows trend. Photo=Messari

Net inflows into stablecoins surged more than 410% over the past week, data showed.

Blockchain research firm Messari said on the 4th (local time) that weekly net inflows into stablecoins totaled $1.7bn last week, a 414.5% spike from the previous week. Average daily net inflows last week came to $247m.

Messari said, “(Stablecoin) inflows rebounded sharply last week,” adding that it “suggests demand for stablecoin issuance remains intact despite the legislative stalemate over the US crypto market structure bill (Clarity Act).”

Weekly stablecoin trading volume last week was tallied at $312.5bn, up 6.3% from a week earlier.

Daily trading volume rose 9.5% to $30.90m. Messari analyzed, “While stablecoin usage is increasing, the average transaction size has declined,” adding that it “shows stablecoin usage is rising among retail investors rather than large institutions.”

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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