The latest chart released by Matrixport shows that as the price of Bitcoin rebounds, the rate of minting of stable coins has also accelerated, indicating that legal tender is steadily flowing into the cryptocurrency market.
The 7-day mintage ratio remains volatile, but current inflows have increased significantly compared to the weak period earlier this summer. This trend is a positive signal for the encryption market, which means that as long as the entry channel for stablecoins remains open, the price of Bitcoin is expected to continue to rise.