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Glassnode: Stablecoins have become the "preferred quote currency" and main source of liquidity for traders.

Glassnode: Stablecoins have become the "preferred quote currency" and main source of liquidity for traders.

2023/12/25 23:21

According to recent analysis by Glassnode, the role of stablecoins in market dynamics has significantly changed compared to the previous cycle, they have become traders' "preferred quote currency" and a major source of market liquidity. In addition, October marked the first expansion of stablecoin supply since March 2022, which could be a sign of renewed interest from investors.

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