‼️ Stablecoins will support the growth of the cryptocurrency market
🚀 According to a CryptoQuant study, the market capitalization of stablecoins is a critical factor contributing to the rise in cryptocurrency prices, as they provide liquidity to the markets.
✅ Meanwhile, data shows a net inflow of stablecoins to centralized cryptocurrency exchanges over the past two months.
"Stablecoins on exchanges have increased, and USDT reserves on CEX have also reached a record $22.5 billion in 2024," said Julio Moreno, head of research at CryptoQuant.
✔️ According to the researcher, "the total market capitalization of stablecoins positively correlates with higher bitcoin prices."
