Stablecoin Supply Expands by $5B Since U.S. Election as Investors Pile Into Crypto

The supply of Tether's USDT and Circle's USDC together grew by $5.4 billion over the past week as demand for crypto liquidity soared after the U.S. election.

Investors remained on the sidelines heading into the election, then piled into the markets once the results were in, Anagram partner David Shuttleworth said.

Expansion of the stablecoin supply is bullish for digital assets, indicating capital inflows to the crypto ecosystem.

There was a lot of sidelined interest from both retail and institutions leading up to the election, which led to increased liquidity after the results.

Read at Coindesk