Viewpoint: Stable currency supply growth is more important for bull markets than ETF capital inflows
2024-04-08 22:30:44
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. Stable currency is a token primarily linked to the US dollar and widely used as a bridge between traditional currency, digital assets, and transaction liquidity. 10x Research suggests that the supply of stablecoins may be a better signal of cryptocurrency demand compared to the inflow of Bitcoin ETFs.
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