Stablecoin Liquidity Is Rising

- Stablecoin liquidity is surging, hitting record highs and driving liquidity in the crypto market. According to CryptoQuant, the market cap of major stablecoins has reached $169 billion, up 31% YTD.

- Tether USD (USDT) is the main driver, with its balance on centralized exchanges reaching $22.7 billion, up 54% YTD. USDT accounts for 71% of the stablecoin market share, while USD Coin (USDC) accounts for 21%.

- This surge in liquidity could signal a new bull run for Bitcoin and the crypto market. 🚀

- Ripple Labs has also launched the stablecoin RLUSD, with a market cap of $47 million and huge growth potential. 🌟