Matrixport: Bitcoin's rebound has led to a surge in stablecoin minting
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Odaily Odaily News Matrixport released the latest chart showing that as the price of Bitcoin rebounded, the minting speed of stablecoins also accelerated, indicating that fiat money is steadily flowing into the cryptocurrency market. The 7-day minting ratio is still fluctuating, but compared with the weak period in early summer this year, the current capital inflow has increased significantly. This trend is a positive signal for the crypto market, which means that as long as the stablecoin entry channel remains unobstructed, the price of Bitcoin is expected to continue to rise.
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