Glassnode: Stablecoins have become the "preferred quote currency" and main source of liquidity for traders.
According to recent analysis by Glassnode, the role of stablecoins in market dynamics has significantly changed compared to the previous cycle, they have become traders' "preferred quote currency" and a major source of market liquidity. In addition, October marked the first expansion of stablecoin supply since March 2022, which could be a sign of renewed interest from investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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