Matrixport: Bitcoin's rebound and breakthrough have led to a surge in stablecoin minting, and fiat money is steadily flowing into the crypto market

BlockBeats reported that on September 23, Matrixport released its latest opinion that as the price of Bitcoin rebounded, the minting speed of stablecoins also accelerated, indicating that fiat money is steadily flowing into the cryptocurrency market.

Although the 7-day minting ratio still fluctuates, the current capital inflow has increased significantly compared to the weak inflow in early summer. This trend is a positive signal for the crypto market, which means that as long as the stablecoin entry channel remains unobstructed, the price of Bitcoin is expected to continue to rise.