Summary
- Lookonchain announced that USDT and USDC worth $9.5 billion have been issued over the past month.
- CryptoQuant disclosed that $1.82 billion worth of stablecoins entered Binance.
- They analyzed this indicates a higher possibility of a market upswing.
It has been reported that $9.5 billion worth of Tether (USDT) and USDC were issued over the past month.
On the 15th (local time), Lookonchain announced on X (formerly Twitter), “Just now, $1 billion USDT has been newly issued,” adding, “The total amount of USDT and USDC issued over the past month has reached $9.5 billion.”
Previously, CryptoQuant analyzed, “Stablecoins worth $1.82 billion have flowed into Binance,” and added, “This suggests the possibility of a market upswing has increased.”
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
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