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​Data Shows that Bitcoin’s Stablecoin Supply Rate Has Dropped to 6.525 ATL

Amy Liu

Summary: Data provided by Glassnode shows that Bitcoin’s Stablecoin Supply Rate (SSR) has dropped to 6.525 ATL (an all-time low). SSR indicates the potential purchasing power of stablecoins for Bitcoin, the largest cryptocurrency in circulation. The lower the SSR, the more stablecoins in the market compared to Bitcoin. This indicates an increase in purchasing power. Therefore, ...

Data provided by Glassnode shows that Bitcoin’s Stablecoin Supply Rate (SSR) has dropped to 6.525 ATL (an all-time low). SSR indicates the potential purchasing power of stablecoins for Bitcoin, the largest cryptocurrency in circulation. The lower the SSR, the more stablecoins in the market compared to Bitcoin. This indicates an increase in purchasing power. Therefore, it is thought that the current situation may have a positive effect on the Bitcoin price.

By Amy Liu

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Link: ​Data Shows that Bitcoin’s Stablecoin Supply Rate Has Dropped to 6.525 ATL   [Copy]
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