Stablecoins USDT and USDC can expand to $10 billion per month, causing the price of cryptocurrency, Bitcoin (BTC) to rise.

According to 10x Research, the supply of Tether’s USDT and Circle’s USDC (the two largest stablecoins) has increased by a combined nearly $10 billion over the past 30 days. Meanwhile, MakerDAO’s DAI and the FDUSD supply of Hong Kong-based First Digital, the third and fourth largest stablecoin, also increased by 5-10% during this period. CoinGecko data It shows.