Stablecoin Network Growth Spikes... More Money Coming Into Crypto?

🤑 The Tether network quietly hit a 5-month high in new wallet creation, exceeding 31.3K wallets in a single day. Multi Collateral Dai has also seen rising network growth.

💸 Since these new wallets are being created after a market recovery, and without any notable declined in Bitcoin or Ethereum wallets, this may very well be a sign that new money is being injected into crypto on increasing trader confidence.