Since the end of October, USDT has started to accelerate its issuance
At the end of October, the total amount was 120 billion, currently it is 128.9 billion
An increase of nearly 9 billion stablecoins
At the same time, since the end of October, BTC has risen by nearly 30%, which directly indicates a positive correlation between the increase in stablecoins and the price of BTC.
The increase also directly indicates new capital entering the market, with large amounts of capital mostly flowing into major mainstream coins, and BTC will be the first choice
Today, USDT has issued an additional 1 billion USD on the ERC20 chain, which may further push the price up.
