Stablecoin Circulation Recovers in February… Increases by $550 Million Daily on Average
Son Min
Summary
- Stablecoin circulation has shown a recovery trend from February, increasing by an average of $541 million daily.
- Glassnode analyzed that the increase in stablecoin circulation signifies an increase in short-term demand from investors.
- As market liquidity grows again, the investment environment is improving.
Stablecoin circulation is showing signs of recovery.
On the 10th (local time), Glassnode announced via X that "since the beginning of this year, stablecoin circulation has risen from $192.4 billion to $211.2 billion," adding that "while the growth rate of circulation slowed in January, it is showing a recovery trend from February."
According to Glassnode data, stablecoin circulation increased by about $450 million per day in November and December. It then decreased to an increase of about $400 million per day in January, but in February, it is increasing by about $541 million per day.
Glassnode added, "This indicates an increase in short-term demand from investors," and "the market's liquidity is growing again."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
