Stablecoin Market Cap Expands for First Time Since Crypto Winter, Signaling Improving Crypto Liquidity
• Stablecoin market cap expanded for the first time since May 2022, signaling improving liquidity and health of crypto market
• Tether's USDT supply and market cap rose to all-time highs of nearly $90 billion, driving most of the growth
• Increase in USDT minting since mid-October highlights growing investor interest and capital flows into crypto
• Reversal ends 18-month downtrend in stablecoin market cap that began around start of crypto winter
• Analysts view the trend as a leading indicator of recovering liquidity and more capital available for crypto market