Bitcoin Price Recovery Linked To Increased Stablecoin Minting

According to Odaily, Matrixport has released new data indicating that as Bitcoin prices recover, the minting rate of stablecoins is also accelerating. This trend suggests a steady inflow of fiat currency into the cryptocurrency market. Although the seven-day minting ratio still shows some fluctuations, the current inflow of funds has significantly increased compared to the weaker period earlier this summer. This trend is a positive signal for the crypto market, implying that as long as the entry channels for stablecoins remain open, Bitcoin prices are likely to continue rising.