Research Stablecoin supply on exchanges reaches ATH

Stablecoins, as their name implies, offer much-needed stability to traders who use them to store value, deploy capital, and exit their trades. Due to their inherent relation to Bitcoin and other cryptocurrencies, stablecoins are solid indicators of the broader market performance, as their abundance on exchanges is the primary indicator of market liquidity. Take, for example, the stablecoin supply ratio (SSR). The SSR is the ratio between the Bitcoin supply and the supply of stablecoins denoted in BTC — Bitcoin’s market cap divided by stablecoin market cap.