When we examine the total stablecoin supply, we see that the circulating supply has been steadily increasing. The rise in stablecoin supply is a positive development for the growth of the crypto market. Looking at where this growing flow of supply is directed, we observe that while the amount of stablecoins entering spot markets is increasing, the inflow into derivatives (futures) markets has remained stable. This indicates that the recent uptrend over the past week is fundamentally healthy. Stablecoins entering spot markets help make price increases more sustainable and well-supported, which in turn reduces market volatility and ensures the continuation of a steady upward momentum.
Written by theKriptolik