CryptoQuant: Current USDT Market Capitalization Growth Rate Approaching 0 Percent
CryptoQuant has released data on its X platform showing that the current USDT market capitalization growth rate is close to 0%, down from 6.6% in March when Bitcoin surpassed $70,000 USD. Faster growth in stablecoin liquidity is crucial for continued price gains in the crypto market. The liquidity of stablecoins (especially USDT) needs to increase in order for the price of Bitcoin to rise further.
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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