The third quarter of this year presented intriguing developments in the cryptocurrency markets, marked by rapid growth in stablecoin inflows. Data indicates that stablecoin inflows reached $45.6 billion within just three months, representing a 324% increase on a quarterly basis. Leading this surge were Tether (USDT), USD Coin (USDC), and the steadily rising Ethena (USDe). Despite these strong inflows, there is a noticeable decline in reserves held in exchanges. In one week alone, $5 billion exited exchanges, with $4 billion of that specifically from Binance.