$174 millions of USD came to the crypto system in last month, IMHO bullish news


I have analyzed (USDC, GUSD, PAX, TUSD) stable-coins for the last month period (6.11 – 6.12)

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Over $174 000 000 had entered market via them, this calculation is done by subtracting pas supply to newer one.

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**How can be printage of coins BULLISH?**

USDC, GUSD, TUSD and PAX have all audit-able records in which they’re providing balance of their acc. So usually if institution wants to enter Crypto market in the way of crypto, stable coin issuers create tokens for them. It’s elegant way for institutions to buy crypto assets, without big reliance on BTC. Most issuers make their profits that way.

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**DISCLAIMER**

That said it can lower the overall market-cap because of lower number of market-transactions the institutions have to make, instead of buying BTC (increasing value of BTC, but even USD value of asset, because of BTC-pair ) then buying asset (increasing value of asset once again), they just buy (US-some-stablecoin) and then asset. But that’s are imho just growing pains of separation from BTC pairs.

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I have deliberately skipped other stable-coins, because I haven’t found their audit reports or their marketcap was low. I have, also skipped DAI because, increase in supply is not new money into the system.

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My video analysis with other data like trends and onchain data (Deposits, DAA, etc)

[https://www.youtube.com/watch?v=dRK46uLbubM](https://www.youtube.com/watch?v=dRK46uLbubM)

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|6. November – 6. December|Added supply|
|:-|:-|
|PAX|$32 Mil|
|USDC|$45 Mil|
|GUSD|$61 Mil|
|TUSD|$36 Mil|
|SUM|$174 Mil|

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Publish0x article:

[https://www.publish0x.com/blockchain-mysteries/over-174-mil-dollars-entered-crypto-in-last-month-via-stable-coins-xgjp](https://www.publish0x.com/blockchain-mysteries/over-174-mil-dollars-entered-crypto-in-last-month-via-stable-coins-xgjp)

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View Reddit by LamboJambo

“A lot of people might look at this and just think we’re bullish on crypto — but you need to look at what asset we’re going up against. Public equities aren’t exactly at their all-time highs either.” – Overly optimistic on Cryptos?


“A lot of people might look at this and just think we’re bullish on crypto — but you need to look at what asset we’re going up against. Public equities aren’t exactly at their all-time highs either.” – Overly optimistic on Cryptos?

View Reddit by joshan_96View Source