Price Bitcoin now depends on stable more than retail demand, says Mexc Coo

The Jin traci from MEXC predicts that billion dollars of stablecoin would be amplified by BitCoin price for 8-10 percent.

Bitcoin (BTC) More and more it benefits from liquidity growth that was guided by Stablecoin. On Wednesday, 30. April, Tracy Jin, COO CRIPTO Exchange MEXC, shared its insights with crypt. NEVS at the growing stable stable in the Bitcoin ecosystem.

“Fiat inflow converted to Tether and circle continuously in Bitcoin and it remains the basic driver behind its price growth this year. Each additional billion in Stablekoins is pushed Bitcoin,” Jin Tracy from MEKSC.

Jin explained that despite the macroeconomic insecurities, the demand for stabilies remain high. The total market capitalization of Stablecoin increased to be over 38 billion years and is expected to continue to increase. This was added liquidity, in turn, supports increased Bitcoin demand.

“Despite recent market showers, the demand for Stablecoin is resilient, growing more than 38 billion dollars. Stablecoins now representing the money for money, processing through which in the last year, including 2.8t last month, including only 2.8 t.”

StableCoins could be worth $ 2 trillion to 2026. Years

One of the key drivers of this growth is the role of stablecoins play in bridging traditional financial markets and crypto ecosystems. They are particularly vital for crypto investors, especially in the periods of increased volatility. According to JIN, this utility could help to increase in the station Stablecoin to over 2 trillions until 2026. Years.

“With many sovereign banks and corporations, especially in other FIAT currencies, and on the authorities of Stablecoin, as still drive the evolution of financial services and a false for the wider deployment of capital,” Lane Jin Mecc “, who still lead Evolution of financial services and falsehood.

This would be an increase of 200% of its current level of $ 241 billion. For Bitcoin, this means significant reinforcements in available liquidity, probably pressure on its price.