USDT and USDC Combined Supply Grew $3B Amid Crypto Market Rebound | Chart of the Day

The supply of the two top stablecoins, USDT and USDC grew nearly $3 billion in a week, a sign that investors rushed to buy crypto at lower prices after the market tumble last Monday. According to data from Lookonchain, 1.3 billion USDT was transferred to exchanges in the days after the market crash on August 5th. USDC’s market cap also grew some 1.6 billion this week, the highest since March last year. CoinDesk's Jennifer Sanasie presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: www.youtube.com/user/CoinDesk?... Site: www.coindesk.com Twitter: www.twitter.com/coindesk LinkedIn: www.linkedin.com/company/coind... Instagram: www.instagram.com/coindesk Facebook: www.facebook.com/CoinDesk Newsletters: www.coindesk.com/newsletters CoinDesk Podcast Network: open.spotify.com/show/2jyIhkvA... Markets Daily Crypto Roundup: open.spotify.com/show/7sDXM8Bl... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.