Institutional Confidence Rises as Stablecoin Issuance Surge Fuels Bitcoin’s Bullish Momentum
Matrixport has released a chart analysis indicating that the recent surge in stablecoin issuance has reached its highest level since the peak observed between March and April, suggesting that new fiat funds are flowing into the crypto market—an optimistic signal for investors. In February 2024, a similar spike in stablecoin issuance led to a significant rise in Bitcoin’s price. If this issuance trend continues, Bitcoin’s value is likely to rise further.