Net stablecoin flows to exchanges turned positive on Sept. 1 after 113 consecutive days of outflows, ending a streak that began on May 11, on-chain analyst Axel Adler Jr. said. The 30-day average reached $13.85 million before slipping to $11.66 million and then $6.85 million over the following two days, a roughly 51% decline. The Stablecoin Supply Ratio pulled back from its Aug. 26 peak, while three oscillators remained above zero, indicating some recovery in relative purchasing power but levels still below the recent norm. Adler said the data is better viewed as the end of a net-outflow phase than proof of sustained inflows. Stablecoins are crypto tokens designed to track fiat value and are widely used as trading liquidity.