Tether inflows drive bullish market sentiment: Tether (USDT) has seen an impressive net inflow of about 40 million USD daily over the last two months, significantly supporting Bitcoin’s (BTC) price and the overall bullish trend in the crypto market.
Stablecoins play a vital role in transactions: USDT has become the leading stablecoin, capturing 66% of the stablecoin market with a supply growth from 90 billion to 140 billion USD. Analysts predict stablecoins could be crucial in the US money supply and foreign exchange transactions.