Bitcoin Rebound Spurs Surge in Stablecoin Minting

Matrixport’s latest chart reveals that as Bitcoin prices rebound, the minting of stablecoins has accelerated in tandem, indicating a steady influx of fiat currency into the cryptocurrency market. While the 7-day minting ratio remains volatile, the current inflow of funds has significantly increased compared to the weak period earlier this summer. This trend is a positive signal for the crypto market, suggesting that as long as stablecoin entry channels remain open, Bitcoin prices are likely to continue rising.