Stablecoin Liquidität erreicht Rekord hohe 220 Mrd. USD: Bericht
Stablecoin Liquidität erreicht Rekord hohe 220 Mrd. USD: Bericht
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tldr; Stablecoin liquidity has reached a record high of $220 billion, driven by increases in the market caps of Tether (USDT) and USD Coin (USDC). USDT’s market cap rose by $2.5 billion and USDC’s by $1.2 billion in the past week, marking the strongest weekly growth since February. Over the past 30 days, USDT added $5.3 billion and USDC $6 billion. This surge in liquidity is seen as a bullish indicator for Bitcoin, with improved market sentiment reflected in the Bitcoin Bull Score Index. However, USDT exchange reserves remain 12% below their peak.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
A lot of money on the sides waiting to enter… at even higher prices.
I’ve been fucking around in this space since 2018… Full time since 2021…
I don’t understand why these stablecoins are so big. It just doesn’t make sense to me… I get other countries, people may want to hold USD instead of their local currency. Or transact possibly in USDC… I understand it’s a benchmark to use in DeFi, but even that I can’t see as being anything other than exchanges just trading 1 shit coin for another. Utility, sure. But why is it this big? Why and how did so much $ end up sitting in stables?