This is actually one of the more important charts imo. People see stablecoins as just “crypto plumbing”, but it’s basically on-chain liquidity. More stablecoins = more dry powder that can move into risk.
The interesting part is timing… supply growing doesn’t always mean immediate upside, but it usually shows up in price with a lag.
2 Comments
[AutoMod] Image/Video
This is actually one of the more important charts imo. People see stablecoins as just “crypto plumbing”, but it’s basically on-chain liquidity. More stablecoins = more dry powder that can move into risk.
The interesting part is timing… supply growing doesn’t always mean immediate upside, but it usually shows up in price with a lag.