#Tether is flooding the crypto market with fresh liquidity.
On Ethereum alone, over $12B in new USDT has been minted just this year.
Not only that — netflows to exchanges are positive, meaning that this isn’t just supply sitting idle.
It’s being actively pushed into trading venues, directly fueling $BTC and $ETH pairs.
This kind of dual action — minting + exchange inflow — is tightening Tether’s grip on the entire crypto liquidity layer.
But here’s the silent shift no one’s talking about:
🔻 USDC is quietly exiting.
Yes, exchange reserves crossed 2023 levels…
But the netflows tell a different story: coins are leaving exchanges faster than they’re coming in.
What does this mean for the market?
USDT now holds 78% of stablecoin liquidity.
This imbalance is risky — altcoins are being left behind with shrinking USDC support and reduced diversity in liquidity.
The stablecoin war is not just about volume… it’s about who controls the flow.
What’s your take on this USDT vs $USDC shift?
Is it bullish, dangerous, or both?
Source: CryptoQuant
