After the big dump on 1011, USDT + USDC crazily minted 17.25 billion USD! Is this a signal that the market is about to explode?
Just saw the data: After the big dump of 1011 BTC, Tether and Circle have minted a total of 17.25 billion stablecoins, and today Circle alone minted 1.25 billion USDC.
The large-scale minting of stablecoins = off-market funds are quietly entering the market — this is basically a classic signal before the bull market starts (after 20 billion USDC was minted last January, BTC rose from 16,000 to 30,000).
Now that the interest rate cut expectations and the influx of funds are both fully stacked, we are just waiting for the market sentiment to be completely ignited. Which sector do you think this wave of funds will pull first?
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After the big dump on 1011, USDT + USDC crazily minted 17.25 billion USD! Is this a signal that the market is about to explode?
Just saw the data: After the big dump of 1011 BTC, Tether and Circle have minted a total of 17.25 billion stablecoins, and today Circle alone minted 1.25 billion USDC.
The large-scale minting of stablecoins = off-market funds are quietly entering the market — this is basically a classic signal before the bull market starts (after 20 billion USDC was minted last January, BTC rose from 16,000 to 30,000).
Now that the interest rate cut expectations and the influx of funds are both fully stacked, we are just waiting for the market sentiment to be completely ignited. Which sector do you think this wave of funds will pull first?
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