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Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst

Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said.

By Krisztian Sandor|Edited by Kevin Reynolds
Updated Apr 8, 2024, 6:56 p.m. Published Apr 8, 2024, 6:53 p.m.
The supply of stablecoins USDT and USDC grew by $10 billion in a month, 10x research noted. (Shubham Dhage/Unsplash)
The supply of stablecoins USDT and USDC grew by $10 billion in a month, 10x research noted. (Shubham Dhage/Unsplash)