Reflexivity Research: The continued issuance of stablecoins shows that capital is still flowing into the crypto market

Since the price of Bitcoin hit a record high on March 14, although it has fallen back, the cumulative supply of the top three stablecoins USDT, USDC and DAI, which account for more than 90% of the stablecoin market, has increased by 2.1% to 141.42 billion. The US dollar has reached a new high since May 2022; the cumulative supply this year has increased by more than 20 billion US dollars. Reflexivity Research issued an article on April 2 stating that as the supply of stablecoins continues to rise, this indicates that capital continues to flow into the cryptocurrency market. (CoinDesk)