IntoTheBlock: $2.72 billion worth of USDT flowed into exchanges this week

USDT worth $2.72 billion flowed into exchanges this week, the largest one-week net inflow since 2022, according to data disclosed by IntoTheBlock, a surge that appears to coincide with recent market declines that have triggered large-scale liquidations, potentially prompting traders to move the stablecoin to exchanges to increase collateral and protect leveraged positions.