CryptoQuant: Growth in stablecoin supply may drive the next round of cryptocurrency gains
Odaily Planet Daily News CryptoQuant said that the growth of stablecoins in the past year may drive the next cryptocurrency rally. A report shows that by 2024, stablecoin transfers will exceed the total transaction volume of Visa and Mastercard.
According to the CryptoQuant Weekly Cryptocurrency Report, the liquidity conditions in the cryptocurrency market, measured by the total value of stablecoins in circulation, have been boosted since the US presidential election. Report data shows that the total market value of stablecoins recently exceeded US$200 billion, setting a record high of US$204 billion. This marks a significant increase of US$37 billion since Donald Trump won the US presidential election on November 4, 2024. (The Block)
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.
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