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

BlockBeats news, on April 3, data showed that since Bitcoin hit a record high on March 14, although the price of the currency has fallen back, Tether (USDT), the top three stable currency, accounts for more than 90% of the stable currency market. The cumulative supply of USD Coin (USDC) and DAI (DAI) increased by 2.1% to $141.42 billion, reaching its highest level since May 2022. A total of more than US$20 billion has been issued this year. “As stablecoin supply continues to rise, this indicates that capital continues to flow into the cryptocurrency market,” Reflexivity Research said in an April 2 newsletter.