Phoenix_Ash3s
Stable Coin Supply Ratio, is it different this time?
Stablecoins have grown very popular during the last years. Back in 2017, there was in fact only Tether. Now there is a variety of Stablecoins to choose from. In the Top 15 biggest cryptocurrencies there are 3 stables right now: USDT, USDC and BUSD. Owning stablecoins next to your volatile Bitcoin or Alts has become normal. When the Stable Coin Supply Ratio is low, it suggests a high potential buying pressure on exchanges. It means that the amount of Stablecoins, compared to the market cap of BTC is high, which explains the possible buying pressure. Question is, is this time different?