Bitcoin is back on top, boosting the entire crypto market! 📈 As the year comes to a close, there is a significant inflow of Tether (USDT) into exchanges, fueling bullish sentiment. Over the past eight weeks, the average net inflow of USDT has been around $40 million per day, contributing to liquidity and a positive market mood.
Stablecoins like USDT are becoming the preferred asset for everyday transactions, outpacing Bitcoin. In 2024, USDT controls 66% of the stablecoin market, remaining the leader in trading volume. 🚀
A report by Standard Chartered forecasts that stablecoins could grow to 10% of the US money supply, expanding their use in international payments and settlements. Regulatory clarity could be key to their full potential, especially in emerging markets.