Market value of Stablecoin Did Not Change Significantly during the Market Rise

October 27 (ChainDD) During the recent market rally, the total stablecoin market cap has been relatively stable, remaining at $124 billion, failing to break the level seen in the industry since early September.

Analysts say stablecoin supply is a lagging indicator, but the lack of a stablecoin recovery may indicate that bitcoin's bull market is not bringing new liquidity to the crypto market.