Matrixport has released a research report showing a significant increase in stablecoin issuance, reaching its highest level since March-April 2024. The report suggests that this rise could serve as a positive indicator for Bitcoin. Matrixport's analysis draws a parallel with a previous surge in stablecoin issuance that resulted in a sharp increase in Bitcoin's value. The company believes that if the current momentum in stablecoin issuance continues, it could apply upward pressure on the Bitcoin price. The report also highlights that the pace of stablecoin issuance has accelerated since the July 31 FOMC meeting, indicating growing confidence among institutions in the low-interest rate environment. This trend suggests renewed interest in digital assets and the potential for a Bitcoin rally in the upcoming month. This summary does not provide investment advice.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-01
Matrixport's Stablecoin Report: 'Stablecoin Issuance Reaches Higher Levels!' Here Are the Details