Crypto rallies point to slower USDC growth and faster USDT growth, study finds
Coin Metrics finds opposite relationships with prior non-stablecoin crypto returns, complicating the case that combined issuance measures fresh Bitcoin demand. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
AI summary
A Coin Metrics study reported by CryptoSlate finds that crypto rallies correlate with slower USDC growth and faster USDT growth, the opposite of relationships seen with prior non-stablecoin crypto returns. The finding complicates the view that combined stablecoin issuance measures fresh Bitcoin demand. It is research rather than a market-moving event, but traders who use stablecoin supply as a demand signal should note the relationship is not consistent.
