Reflexivity Research: The continued issuance of stablecoins shows that capital is still flowing into the crypto market

According to BlockBeats, on April 3, data showed that since Bitcoin hit a record high on March 14, although the price of the currency has fallen, the cumulative supply of the top three stablecoins Tether (USDT), USD Coin (USDC) and DAI (DAI), which account for more than 90% of the stablecoin market, has increased by 2.1% to US$141.42 billion, the highest level since May 2022. More than US$20 billion has been issued this year. Reflexivity Research said in a newsletter on April 2: "As the supply of stablecoins continues to rise, it shows that capital continues to flow into the cryptocurrency market."