The total market value of stablecoins in circulation exceeded US $ 9 billion for the first time

Coin Metrics data shows that the total market value of all stable coins in circulation has exceeded US $ 9 billion for the first time. In contrast, six weeks ago the figure was only US $ 6 billion. Generally speaking, the constant increase in the market value of stablecoins indicates a bullish sentiment for investors, indicating that investors are ready to buy Bitcoin, Ethereum and other cryptocurrencies. But there are also views that the increase in the demand for stablecoins may be that crypto investors are uneasy, or at least not willing to buy Bitcoin at the moment.