In just one and a half months, Tether and Circle have injected $17.25 billion in liquidity into the crypto ecosystem, with a massive amount of funds accumulating outside exchanges, signaling a major shift is brewing.
Since the cryptocurrency market experienced a sudden crash on October 11, there has been a rare influx of funds into the stablecoin market. According to AiCoin data, by the end of November, the two major stablecoin giants Tether and Circle had collectively minted USDT and USDC worth $17.25 billion.
This large-scale influx of funds coincides with Bitcoin hovering around the critical $90,000 level. The significant issuance of stablecoins has provided the market with ample "ammunition," and investors are filled with anticipation for the upcoming market trends.
ETHUSDT
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