Opinion: The growth of stablecoin supply is more important for a bull market than the inflow of ETF funds
10x Research pointed out that in the past 30 days, the supply of major stablecoins USDT and USDC has increased by $10 billion, which is twice the inflow of Bitcoin ETFs during the same period. Stablecoins are tokens primarily pegged to the dollar and are widely used as a bridge between traditional currency and digital assets and trading liquidity. 10x Research noted that compared to Bitcoin ETF inflows, stablecoin supply may be a better signal of cryptocurrency demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An independent miner successfully mined block 924569, capturing a reward of 3.146 BTC.
VanEck CEO: Will Exit Investment if Bitcoin’s Fundamental Logic Breaks, Market Demand for Privacy Continues to Grow
Trending news
MoreCrypto prices
More
