Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst

The supply of Tether’s USDT and Circle’s USDC – the two largest stablecoins – expanded by nearly $10 billion combined over the past 30 days, 10x Research pointed out. Meanwhile, the supply of MakerDAO’s DAI and Hong Kong-based First Digital’s FDUSD, the third and fourth largest stablecoins, also expanded by 5%-10% in this period, CoinGecko data shows.

Original Source: https://www.coindesk.com/markets/2024/04/08/stablecoin-growth-is-more-important-cue-for-crypto-bull-market-than-bitcoin-etf-inflows-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines