Why Are Stablecoins Stagnant Despite Massive Minting? The Silent Alarm for Crypto Liquidity You Can’t Afford to Ignore!
Key Takeaways
Stablecoins surged in supply but failed to deploy, with $8 billion in new USDT minted yet $5.7 billion yanked from exchanges. Sidelined capital stayed parked, reinforcing a broader risk-off tilt.
Tether [USDT] didn’t sit out July’s turbulence. In fact, it mirrored the market’s pulse. Its market cap jumped to $163.60 billion, tagging on nearly $8 billion in fresh supply.
That’s a 3.72% gain for the month, marking the sharpest 30-day climb since November’s 10.89% surge, when risk appetite kicked into gear. Simply put, Bitcoin’s [BTC] run to $123k didn’t happen in a vacuum.
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