On-chain data shows some indicators related to the stablecoin supply have set new all-time highs recently, a sign that may be bullish for Bitcoin.<

On-chain data shows the stablecoin supply has surged alongside Bitcoin’s latest break above $50,000, a sign that could be bullish for the market.

On-chain data shows stablecoins have recorded more than $4 billion in inflows in the past month. Here’s why this could be relevant for Bitcoin.