Opinion: The growth of stablecoin supply is more important for a bull market than the inflow of ETF funds

10x Research pointed out that in the past 30 days, the supply of major stablecoins USDT and USDC has increased by $10 billion, which is twice the inflow of Bitcoin ETFs during the same period. Stablecoins are tokens primarily pegged to the dollar and are widely used as a bridge between traditional currency and digital assets and trading liquidity. 10x Research noted that compared to Bitcoin ETF inflows, stablecoin supply may be a better signal of cryptocurrency demand.