Stablecoin supply surges... A positive sign for the crypto industry

"The increased supply of major stablecoins may be a more positive sign for the crypto market than the increase in BTC spot ETF inflows," Markus Thielen, founder of 10X Research, said in the report. "In the last 30 days, the supply of dollar-pegged stablecoins USDT and USDC has increased by $10 billion. This is double the amount of BTC spot ETF inflows over the same period. Increased supply of stablecoins is a bullish sign for cryptocurrencies, as it indicates that fiat money is flowing into them."