In my opinion, the aggregate stablecoin supply chart is currently the most crucial indicator in the crypto space, and it's flashing some promising signs.
đ Since Bitcoin's ATH Breakthrough in March:
- Tether (USDT) supply: âŹïž 14%
- USD Coin (USDC) supply: âŹïž 13%
- DAI supply: âŹïž 12%
- PayPal USD (PYUSD) supply: âŹïž 300% (mainly growing on Solana)
However, it's not all positive across the board:
- Total stablecoin supply: âŹïž Only 2%
- BUSD supply: âŹïž 17%
- USDP supply: âŹïž 42% (likely due to Binance changing its stablecoin strategy)
Click here for vote and get 5 usdt by Binance
đ Whatâs Next?
With treasury yields dropping, I'm anticipating a further rise in stablecoin supply. Why? Investors are likely to allocate more funds to riskier assets, including crypto.
If this trend continuesâor acceleratesâwe might see the aggregate stablecoin supply firmly break through its all-time highs. And that could mean one thing: Bitcoin and the rest of the market might follow suit. đ
Stay tuned, this could be a game-changer!