Matrixport: Bitcoin rebound drives surge in stablecoin minting

ChainCatcher message, Matrixport released the latest chart showing that as Bitcoin prices rebound, the minting speed of stablecoins is also accelerating, indicating that fiat currency is steadily flowing into the cryptocurrency market.

The 7-day minting ratio of stablecoins remains volatile, but compared to the weak period earlier this summer, the current inflow of funds has significantly increased. This trend is a positive signal for the crypto market, suggesting that as long as the entry channels for stablecoins remain open, Bitcoin prices are likely to continue rising.