MultiversX Tracker is Live!

For the first time in 1.5 years, the 90-day change in stablecoin supplies just flipped positive

All Cryptocurrencies

by COINS NEWS 88 Views

https://studio.glassnode.com/workbench/usd-top4-netpositionchange

This means that we are finally seeing net capital inflows through stablecoins for the first time since the bear market began. This is usually a fairly good indicator that a bull run is on the horizon, as capital begets liquidity, and liquidity begets bull markets. {Which is the entire point of stablecoins to begin with: without USDT and USDC, prices across the board would be lesser and volatility would be much greater, as we saw before stablecoins existed.)

submitted by /u/house-knicker
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