BUSD flowing into other stablecoins
Remember yesterday's BUSD exodus, following regulators crackdown on Paxos?
Here is the onchain perspective. Namely, a stablecoin holders behavior.
These are heavy BUSD dumps from holders on BNB Chain (blue) and on Ethereum (pale blue). Where did it go? May be into USDT and USDC? Probably yes:
USDT (yellow) and USDC (red) 'dolphins' increasing their positions.
All together on a single chart:
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