The 90-day net change in supply of USDT, USDC, BUSD, and DAI has turned significantly positive
Data tracked by blockchain analysis company Glassnode shows that for the first time in over a year, funds have flowed into the cryptocurrency market through stablecoins or tokens pegged to the US dollar. The 90-day net change in supply of the top four stablecoins - Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) - has turned positive, marking the first occurrence since the Terra crash in mid-May 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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