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Matrixport: Rapid Expansion of Stablecoins Continues to Drive Crypto Industry Forward
Summary: Matrixport's daily chart analysis indicates that the rapid expansion of stablecoins continues to drive the crypto industry forward. Before Trump's election in November last year, Tether's market cap surged from $120 billion to $165 billion; Circle's market cap also rose from $34 billion to $65 billion. With a total of $76 billion in fiat currency ...
Matrixport's daily chart analysis indicates that the rapid expansion of stablecoins continues to drive the crypto industry forward. Before Trump's election in November last year, Tether's market cap surged from $120 billion to $165 billion; Circle's market cap also rose from $34 billion to $65 billion. With a total of $76 billion in fiat currency flowing into the crypto market through just two channels, and more inflows from other channels not yet accounted for, the accelerating influx of funds and the increasingly clear regulatory environment suggest that this trend is still in its early stages, signaling a strong indication of the crypto industry's foundation accelerating and its development space continuing to expand.
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Link: Matrixport: Rapid Expansion of Stablecoins Continues to Drive Crypto Industry Forward [Copy]
