Bitcoin bulls tend to celebrate when BTC’s funding rate is negative, but is it really a “generational buying opportunity?”
Category: USDC
Auto Added by WPeMatico
Turkey tops the world in stablecoin buying share vs. GDP
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.
Stablecoin Market Shows Strong Recovery, Approaching All-Time High
The stablecoin market has been on a robust recovery path since October 2023, demonstrating resilience and steady growth. Recently, the stablecoin market cap has surged to $160 billion, edging closer to its previous all-time high of $188 billion with each passing day. The stablecoin market has been in a strong recovery since October of 2023. Here’s why it matters👇 The stablecoin market cap recently reached $160 billion, inching closer to the all-time high of $188 billion every day. ➖Stablecoins play a crucial role in DeFi, serving as the… pic.twitter.com/xrMB0qWWqO — IntoTheBlock (@intotheblock) April 23, 2024 Stablecoins are essential components of
The post Stablecoin Market Shows Strong Recovery, Approaching All-Time High appeared first on The Merkle News.