Matrixport: Bitcoin rebound drives surge in stablecoin coinage

Odaily Planet Daily News: Matrixport has released the latest chart showing that as the price of Bitcoin rebounds, the minting speed of stablecoins is also accelerating, indicating that fiat currencies are steadily flowing into the cryptocurrency market. The ratio of 7-day coinage still fluctuates, but compared to the weak period in early summer this year, the current inflow of funds has significantly increased. This trend is a positive signal for the cryptocurrency market, meaning that as long as the entry channel for stablecoins remains open, the price of Bitcoin is expected to continue to rise.