📊 Daily On-Chain Exchange Flow

#Bitcoin $BTC
➡️ $614.3M in
⬅️ $1.3B out
📉 Net flow: -$698.3M

#Ethereum $ETH
➡️ $371.6M in
⬅️ $383.7M out
📉 Net flow: -$12.2M

#Tether (ERC20) $USDT
➡️ $380.1M in
⬅️ $431.6M out
📉 Net flow: -$51.5M

🇨🇳USDT was backed by Chinese securities

According to documents released by the 🇺🇸New York Attorney's Office, in 2021 #Tether held securities issued by Chinese banks in its reserves to support #USDT

In July 2022, #Tether said it was beating itself out of Chinese securities