The third quarter of this year in crypto money markets was the scene of interesting developments. According to the data, stablecoin entrances reached $ 45.6 billion in just three months. This figure means an increase in a quarter of a quarter, while Tether (USDT), USD Coin (USDC) and Ethena (USDE), which continued to rise. However, despite these strong entries, there is a noticeable decrease in the reserves on the stock markets. Only a week of $ 5 billion output, while 4 billion dollars of this took place from Binance.
Possible reasons for the lottery from the stock exchanges
According to experts, there may be several reasons for these outputs. Users may be heading to self-Custody wallets, avoiding risks or looking for higher return on defi protocols. Coinbase CEO Brian Armstrong brought a different comment to this painting. Armstrong suggested that large banks are trying to eliminate USDC prizes with new law regulations. According to him, banks want to protect their own monopoly by removing their reward systems. Armstrong addressing the US Senate, stressed that the rescue of banks will be against consumers.
Ethereum Stablecoin center
In the last 90 days, there has been more than $ 46 billion entry into the Stablecoin market. USDT, with a contribution of 19.6 billion dollars, then $ 12.3 billion in the USDC came. Ethena’s USDE made a strong output compared to the previous quarter and made a $ 9 billion contribution. Paypal’s PYUSD and Makerdao’s USDS also provided a total of $ 1 billion input. Most of this intensive capital flow is Ethereum 
$4,170.04 located on it. 171 billion dollars of the total stablecoin market value of $ 297 billion is only available in Ethereum. Tron’s share of 76 billion dollars in the second place, while Solana, Arbitrum and BNB Chain remain below $ 30 billion.
On the other hand, a similar trend was seen in the announcement of US -based Circle in recent weeks. Despite the regulatory pressures in the Asian market, the company announced that the use of stablecoin in Hong Kong has increased rapidly. This shows that globally stablecoins are strongly demanded not only in the US but also in different regions.
In summary, large entrances in the Stablecoin market reveal the search for stability of the crypto ecosystem. However, the rapid melting of the reserves in the stock exchanges indicates that investors avoid risk and direct their funds to different fields. As regulatory uncertainties continue, the position of stablecoins will become even more critical. In this process, the preservation of Ethereum’s role in the center may increase the interest in the defi ecosystem.
