There’s a New Sheriff in Town

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Chart of the Day

Stablecoins on the rise. A major use case for dollar-pegged stablecoins is to serve as a proxy to fiat on crypto exchanges, thanks to their low price volatility. The stablecoin supply ratio (SSR) quantifies the buying power of stablecoins and their potential to move the price of Bitcoin. A low SSR signals a greater potential to push the price of Bitcoin higher.

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