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Rising stablecoin supply highlights exciting times for crypto markets
Stablecoins are virtual coins with their value tied to real-world assets, including fiat money, precious metals, and other cryptocurrencies. Stablecoin supply refers to the amount of cash poised for investments within the digital tokens market at any given time. Recent data shows a significant change in stablecoin supply, with the top five stablecoins by market capitalization displaying a positive quarterly net change. The metric has remained negative since the first quarter of 2022. chart Welcoming a bull rally? A surge in stablecoin supply highlights capital flowing into the cryptocurrency market. That’s an ... (full story)