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On-Chain Analysis: Stablecoin Supply Ratio Hits Record Low

2 mins
Updated by Ana Alexandre
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In Brief

  • SSR reached an all-time low on May 23.
  • USDT balance on exchanges has been dropping since May 23.
  • BUSD binance on exchanges is at a record high.
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A look at on-chain indicators, more specifically the Stablecoin Supply Ratio (SSR) and tether (USDT) supply on exchanges, in order to determine the buying power of stablecoins over bitcoin (BTC).

The SSR has fallen to a record low, while USDT supply is close to a record high. Binance USD (BUSD) supply is at a new all-tme high.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)
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