Glassnode predicts BTC rally as stablecoin supply tags record highs

Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined.

The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets.
The combined capit…

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bitcoin
Bitcoin (BTC) $ 56,872.00 4.85%
ethereum
Ethereum (ETH) $ 3,458.80 2.43%
binance-coin
Binance Coin (BNB) $ 642.57 2.97%
dogecoin
Dogecoin (DOGE) $ 0.590000 5.53%
xrp
XRP (XRP) $ 1.56 11.46%
tether
Tether (USDT) $ 0.999097 0.54%
cardano
Cardano (ADA) $ 1.47 13.20%
polkadot
Polkadot (DOT) $ 39.04 9.64%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,332.75 37.37%
litecoin
Litecoin (LTC) $ 351.96 15.02%