Matrixport: Bitcoin's rebound spurs a surge in stablecoin minting
Matrixport's latest chart shows that as the price of Bitcoin rebounds, the minting speed of stablecoins is also accelerating, indicating a steady inflow of fiat money into the cryptocurrency market. The 7-day minting ratio still fluctuates, but compared to the weak period in early summer this year, the current inflow has significantly increased. This trend is a positive signal for the crypto market, implying that as long as the entry channel for stablecoins remains unobstructed, there is hope for Bitcoin prices to continue rising.
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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