It is important to emphasize to everyone that "increased issuance" does not necessarily mean that external funds are coming in; it could be a case of destruction followed by re-creation. When it comes to stablecoins, the key focus should be on the changes in total market capitalization. Moreover, compared to USDT, the market capitalization changes of USDC are more significant. USDT is increasingly being used less in the cryptocurrency field, while USDC is still more prevalent in cryptocurrency.

Additionally, the current market is undoubtedly dominated by investors in the U.S. time zone, and USDC, which is more compliant in the U.S., remains the preferred choice for investors. Therefore, closely observing the changes in USDC's market capitalization will be more helpful.

This article is sponsored by #Bitget ｜ @Bitget_zh

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