Stablecoin

Coin

<ul class="news-points"> 
 <li>The crypto market sees a glimmer of hope as stablecoin supply surges to a new yearly high.</li> 
 <li>The valuations of stablecoins clocked $134.3 billion, with a $4.17 billion change in 30 days.</li> 
 <li>The $4.17 billion inflow marks the largest net inflow since March 2022.</li> 
</ul> 
The crypto market has been in a continuous bearish trend since the emergence of crypto ETFs, with market participants searching for reasons to remain optimistic amid the prevailing red candles.&nbsp; 
In a recent post on X, the popular YouTube channel Crypto Banter <a href="https://twitter.com/crypto_banter/status/1749393390028955781" target="_blank" rel="nofollow">drew attention</a> to an emerging development traditionally known to be a bullish signal. Specifically, Crypto Banter cited statistics from renowned analytic firm Glassnode on the unfolding trend in the <a href="https://coinedition.com/circle-ceo-discusses-stablecoins-amid-tethers-assets-validation/" target="_blank" rel="noreferrer noopener">stablecoin landscape.</a> 
Glassnode data revealed that the supply of stablecoins has soared to a new yearly high this month. In particular, the report indicated that the overall valuations of stablecoins clocked $128 billion at the time of the disclosure. However, the figure has since increased to over $134.3 billion, per <a href="https://coinmarketcap.com/view/stablecoin/" target="_blank" rel="noreferrer noopener nofollow">real-time data</a> from CoinMarketCap. 
Furthermore, the Glassnode report not…
The post <a href="https://coinedition.com/stablecoin-supply-hits-134-3b-yearly-high-is-this-the-bullish-signal/">Stablecoin Supply Hits $134.3B Yearly High: Is This the Bullish Signal?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Stablecoin Supply Hits $134.3B Yearly High: Is This the Bullish Signal?

Coin Edition

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