Binance’s recent stablecoin inflows coincided with broader crypto market developments, including weaker Robinhood trading revenue, Tether’s bitcoin mining buildout, and Israel’s approval of a regulated shekel-pegged stablecoin.
Binance attracted more than $6 billion in stablecoin inflows over the past two months, adding to signs of renewed exchange liquidity. The market roundup also reported that Robinhood posted Q1 crypto revenue of $134 million, down 47% year over year, while Tether is developing modular Bitcoin mining infrastructure and Israel approved its first regulated shekel-pegged stablecoin, BILS.