Posted 4/8/2024, 6:53:00 PM
Stablecoin Supply Surges $10B in 30 Days, Outpacing Bitcoin ETF Inflows As Crypto Demand Ramps Up
- Stablecoin supply grew $10B in 30 days, twice as much as Bitcoin ETF inflows
- Stablecoins are a bridge between fiat and crypto, provide liquidity for trading
- Rapid stablecoin growth signals increasing crypto demand and higher prices
- Bitcoin ETF inflows may be skewed by traders doing yield-generating carry trades
- Tether and Circle's stablecoins saw some of the highest 7-day supply increases in the bull market