CryptoQuant CEO: Stablecoins Starting to Flow Into the Market, Market Capitalization Hits New Highs in Recent Days
CryptoQuant CEO Ki Young Ju said in a post on X that stablecoins are starting to flow into the market. Its market capitalization has been rising since the beginning of July and reached an all-time high last week. USDT represents 70% of the total market capitalization of the stablecoin.
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.
You may also like
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish

The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone