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<ul class="news-points"> 
 <li><strong>Santiment tweeted yesterday that the exchange supply for USDC and USDT is currently very low.</strong></li> 
 <li><strong>The firm revealed that USDT’s exchange supply has bullishly increased since June this year.</strong></li> 
 <li><strong>At press time, USDT was trading slightly below the $1 mark following a weekly drop of 0.13%.</strong></li> 
</ul> 
<p>The exchange supplies of USD Coin (USDC) and <a href="https://coinedition.com/tag/tether-USDT/" rel="noopener noreferrer nofollow">Tether (USDT)</a> are relatively low according to data from the blockchain intelligence firm Santiment. In a tweet yesterday, the firm revealed that the exchange supply for USDT has risen slightly since June this year, which may be an early indication of a potential market rally in the near future.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Tether</a> and <a href="https://twitter.com/hashtag/USDCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#USDCoin</a> moving to exchanges have historically foreshadowed <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> surges.Influxes of <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> to exchanges in Dec. and Feb. sparked rallies the following months (respectively). <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDT</a> has risen slightly since June, but more will be <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bullish</a>. <a href="https://t.co/9Cizn0QAxn" target="_blank" rel="noopener noreferrer nofollow">https://t.co/9Cizn0QAxn</a> <a href="https://t.co/DhJXRDPDi9" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DhJXRDPDi9</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1688639937049165824?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 7, 2023</a> 
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<p>Historically, increasing exchange supply for stablecoins has foreshadowed price surges in the cryptocurrency market, revealed Santiment. Although USDC’s exchange supply is at a yearly low, and USDT’s…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/usdt-and-usdc-exchange-supply-may-be-foreshadowing-a-rally/">USDT and USDC Exchange Supply May Be Foreshadowing a Rally</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

USDT and USDC Exchange Supply May Be Foreshadowing a Rally

Coin Edition

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