Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price
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The post Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price appeared first on Coinpedia Fintech News
Stablecoin supply is shrinking, and it’s becoming one of the biggest reasons behind Bitcoin’s weak price action. New data from CryptoQuant shows fresh stablecoin inflows to exchanges have dropped 31% yearly. Meanwhile, the combined supply of USDT and USDC is also falling, reducing the buying power needed to support Bitcoin’s recovery. Stablecoin Supply Is Falling, …
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