Glassnode Predicts BTC Rally As Stable Coin Supply Tags Rise To High By Cointelegraph

Glassnode Predicts BTC Rally As Stable Coin Supply Beacons Rise To Highs

The circulating supply of the four largest stablecoins has reached new all-time highs, suggesting that buyers may soon trigger another breakthrough for markets and crypto.

The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Dai (DAI) has jumped nearly 190%, from $ 27 billion to nearly $ 78 billion since the start of this year.

Bitcoin-Stablecoin supply ratio: Glassnode