Matrixport: Bitcoin's rebound spurs a surge in stablecoin minting
Matrixport's latest chart shows that as the price of Bitcoin rebounds, the minting speed of stablecoins is also accelerating, indicating a steady inflow of fiat money into the cryptocurrency market. The 7-day minting ratio still fluctuates, but compared to the weak period in early summer this year, the current inflow has significantly increased. This trend is a positive signal for the crypto market, implying that as long as the entry channel for stablecoins remains unobstructed, there is hope for Bitcoin prices to continue rising.
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

Emirates Now Allows Passengers to Book Flights Using Bitcoin, Ethereum, and USDT

Ethena Announces New Qualified Asset Framework for Collateral Approval
Trending news
MoreCrypto prices
More








