According to Odaily, Matrixport has released new data indicating that as Bitcoin prices recover, the minting rate of stablecoins is also accelerating. This trend suggests a steady inflow of fiat currency into the cryptocurrency market. Although the seven-day minting ratio still shows some fluctuations, the current inflow of funds has significantly increased compared to the weaker period earlier this summer. This trend is a positive signal for the crypto market, implying that as long as the entry channels for stablecoins remain open, Bitcoin prices are likely to continue rising.
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