CryptoQuant founder and CEO KiYoungJu recently explained that although the supply of stablecoins continues to grow, the added trading volume is not enough to create enough buyer liquidity to drive up the price of Bitcoin. He pointed out that the current exchange reserve ratio of Bitcoin to stablecoins is about 6:1, which means that the amount of Bitcoin held on the exchange is six times that of stablecoins. In September 2021, the value of stablecoin reserves was approximately $30 billion. At present, the total market value of stablecoins is about $166 billion, but only 21% of them are used for trading, far lower than the 50% in 2021. KiYoungJu believes that although the supply of stablecoins continues to grow, in the current market cycle, stablecoins are mainly used for other purposes rather than trading. @satoshidreams.eth