Summary
- Stablecoin market capitalization is increasing, with USDC deposits on exchanges hitting a one-year high.
- Stablecoins are crucial for traders in the crypto ecosystem as they act as the fiat on-ramp.
- The CEO of CryptoQuant notes that stablecoins are being used as buy-side liquidity in the current cycle.
- Metrics such as the exchange stablecoin ratio and stablecoin supply ratio indicate an increase in stablecoin market capitalization.