Stablecoins act as bridges between fiat and digital assets, critical for liquidity. Their rapid supply growth hints at market health and potential price increases.
Stablecoin supply increase, notably USDT and USDC by $10 billion in 30 days, surpasses Bitcoin ETF inflows. This suggests stablecoin issuers are influential in pushing market momentum.
"We suggest paying less attention to the bitcoin ETF flows. Stablecoin issuers are the new sheriff in town, driving this market higher." - Markus Thielen, founder of 10x Research
The significant growth of the USDT and USDC supply, along with other stablecoins, indicates an accelerated pace of fiat money flowing into crypto assets, highlighting market demand.
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