Binance logs $670M weekly stablecoin inflows as Solana stablecoin supply jumps $900M

Beincrypto reports Binance recorded more than $670 million in net stablecoin inflows in one week in January, reversing a period of outflows in December. On-chain analyst Darkfost traced recent stablecoin movements, saying October saw over $8 billion in net inflows, November fell to about $1.7 billion, and December recorded more than $1.8 billion in net outflows; he suggested the exchange may have reduced some stablecoin holdings as demand weakened.

Darkfost also noted Binance’s Bitcoin-to-stablecoin ratio has begun to trend upward again, which he interprets as a potential early stage of sidelined liquidity starting to redeploy. Separately, The Kobeissi Letter reported Solana’s stablecoin supply grew by over $900 million in 24 hours, outpacing other networks while Tron declined.

The spike coincided with Jupiter launching its own stablecoin and Morgan Stanley submitting initial filings for three cryptocurrency exchange-traded products, including the Morgan Stanley Solana Trust, and MilkRoad observed Solana’s low costs and fast finality let incoming liquidity be put to work quickly.

Key Topics

Crypto, Binance, Solana, Stablecoin, Darkfost, Morgan Stanley