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BTC $63,019.19 -0.07%
ETH $1,879.90 -0.14%
BNB $605.45 -0.88%
XRP $1.00 -0.44%
SOL $75.41 -0.03%
TRX $0.3309 -0.46%
DOGE $0.0697 -0.73%
ADA $0.1768 -1.86%
BCH $202.97 -1.37%
LINK $9.39 -1.37%
HYPE $57.11 +1.60%
AAVE $86.24 -0.85%
SUI $0.6756 -1.44%
XLM $0.1569 -1.41%
ZEC $488.08 -1.15%

Matrixport: The issuance speed of new USDT coins has slowed down, and accelerating the issuance speed may have a positive impact on Bitcoin

2024-05-06 19:41:47

ChainCatcher news, Matrixport stated on platform X that although the recent market focus has been on the capital flow of Bitcoin ETFs, the inflow of stablecoins has continued to increase even during the consolidation period of Bitcoin prices in March/April.

This indicates that the adoption of cryptocurrencies is still growing rapidly. Recently, the issuance speed of new $USDT has slowed down. If the issuance speed is accelerated, it may have a positive impact on Bitcoin.

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