The cryptocurrency market is witnessing a significant influx of liquidity, particularly in the stablecoin sector, with an on-chain perspective indicating that crypto is ready to take off. Several tweets from various sources highlight the strong and growing interest in stablecoins, emphasizing the increased inflow of liquidity into these digital assets. Notably, the USDC stablecoin on the Base platform has seen a remarkable growth of 727.9% in its outstanding supply over the past 30 days, making it the fastest-growing stablecoin in a dataset covering approximately $146 billion in outstanding supply. Additionally, the stablecoin market overall has expanded by $4.46 billion in just 12 days. This growth is attributed to stablecoins being increasingly used for payments, which is creating increasing demand.
Stablecoins are being used more for payments, which is creating increasing demand: https://t.co/hz6jQauRYT via @cryptonews
#Stablecoin Market Expands by $4.46 Billion in 12 Days https://t.co/v6LMRIQExw
USDC on @base is also the fastest growing stablecoin in our dataset that covers ~$146B in outstanding supply. Up +727.9% in the past 30 days. https://t.co/lQ3G1AFL4z https://t.co/RbpvXnQ1Ca
Stablecoin liquidity inflows remain strong! From an on-chain perspective, #crypto is ready to take off. https://t.co/6PtHrrLLmp
Liquidity is coming https://t.co/HCft8MPoZl https://t.co/gpMFMIcX0T
<Exit liquidity has entered the chat> https://t.co/Gjr33KgD67