Nansen predicts that the holding of USDT will increase

It is reported that stabilizing the currency market has become a major goal of US regulators. After the news that BUSD (the dollar-based stable currency of Binances managed by Paxos) has become the target of regulators, industry observers began to suspect that the next shoe would fall. According to Nansen, a cryptographic analysis company, the wallet on Binance is adding a large amount of USD stable currency of Circle. One of Binance’s wallets currently holds more than US $1.8 billion in USDC, which is the highest amount in the past three months. At the same time, Nansen predicted that the holding of USDT would increase due to the inability to trade with USDC.

Interpretation of this information:

The US regulators have reportedly set their sights on stabilizing the currency market, with stabilizing the dollar-based stable currency BUSD of Binance managed by Paxos as their primary goal. This development has raised concerns among industry observers, who are expecting further actions from regulators. Nansen, a cryptographic analysis company, has noted a significant increase in the amount of USD stable currency of Circle being added to Binance’s wallet. Notably, one of Binance’s wallets currently holds more than US$1.8 billion in USDC, which is the highest amount in the past three months. Nansen has also predicted an increase in the holding of USDT as a result of the inability to trade with USDC.

The message highlights the efforts of US regulators in stabilizing the currency market, with BUSD being the primary target. The report suggests that the regulators’ actions may have further implications in the cryptocurrency industry, prompting concerns among industry observers. Furthermore, Nansen’s analysis reveals a significant increase in the amount of stablecoin added to Binance’s wallet, indicating a growing demand for stablecurrency in general.