On-Chain Analysis: Stablecoin Supply Ratio Hits Record Low

2 mins
27 May 2021, 14:00 GMT+0000
Updated by Ana Alexandre
27 May 2021, 14:00 GMT+0000
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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