Another 250 million stablecoins were issued. What does this have to do with us?
This morning, USDC Treasury minted 250 million coins on the Solana chain.
Previously, the issuance of USDT was considered a signal of market buying, which often led to an increase in the price of the currency. However, in today's environment, the proportion of this factor is gradually decreasing. Of course, no matter what, once the market sentiment is bullish, the issuance of USDT is one of the important signals for people to enter the cryptocurrency market.
The purpose of issuing more USDT is to attract more new funds to buy at the bottom. Therefore, every time USDT is issued more, there will be a short-term decline, and then the market will slowly rise.
In the past month, USDT and USDC have been issued 3 billion more. There are many users who use leverage in the market, and there is a large demand for stablecoin lending, which has also led to an increase in demand for USDT stablecoins.
You can understand this as the market needs more stablecoins to stimulate the market's capital demand, so it is good for the cryptocurrency circle in the long run.
There will be several small declines in the near future, and it will rise again after the declines.
Remember, if you view your investment as a long-term investment, a drop in the market should be seen as an opportunity. It provides a chance to buy more coins at a lower price. It is crucial to have a strategy before making any purchases and never put all your money into one.
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