By pairing the supply numbers together (e.g. USDC/USDT supply ratio), you can create the equivalent of forex for stablecoin pairs.
Since late April 2025, USDC supply has remained largely unchanged while USDT supply has been steadily rising, surpassing $157 Billion in total circulation. USDT: +10% USDC: +0.2% Seems very interesting considering this was ahead of the S-1 for CRCL...
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