In this article, we delve deep into the recent surge in stablecoin volume flowing into exchanges, a clear indicator of shifting market dynamics. We take a closer look at the exchange buying power metric, analyzing the 30-day change in the supply of USDT, USDC, BUSD, and DAI, and the implications of these movements. As we've seen a steady increase in exchange buying power since late May, reaching levels recorded in mid-December 2022, there's a particular event in June that provides a surprising insight... Discover what this $4.6 billion increase in exchange buying power signifies for the future of the crypto market...
![Stablecoin buying power on exchanges increases as BTC and ETH see outflows](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/06/stablecoin.jpg&w=70&h=37&q=75)
Stablecoin buying power on exchanges increases as BTC and ETH see outflows
June brought on a significant increase in stablecoin buying power on exchanges, indicating there could be an increase in buying pressure on the market amid large Bitcoin and Ethereum outflows.
![Stablecoin buying power on exchanges increases as BTC and ETH see outflows](https://cryptoslate.com/wp-content/uploads/2023/06/stablecoin-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.