Glassnode predicts BTC rally as stablecoin supply tags record highs

Glassnode predicts BTC rally as stablecoin supply tags record highs

Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined. The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets.The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) has surged almost 190% from $27 billion to almost $78 billion since the beginning of this year.In its May 3 Week on Chain report, on-chain analytics provider, Glassnode, noted that Tether is firmly positioned as the stable token sector’s....


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