Stablecoin Inflows Turn Positive, USDT and USDC Market Cap Rises by $30 Billion

Stablecoin inflows into the crypto markets have turned positive again, signaling a bullish trend. The market cap of major stablecoins, including USDT and USDC, has been gradually rising and has reached levels not seen since May 2022. This year alone, the market cap of stablecoins has increased by approximately $30 billion. These developments are seen as strong indicators of renewed confidence in the crypto market and potential rallies in Bitcoin and other cryptocurrencies. Additionally, the cumulative volume and liquidity of stablecoins on blockchains have shown significant growth.