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Recently, I noticed a very interesting phenomenon.
Since November 20, the circulating supply of USDC has been going up. What's even more coincidental is that a similar situation occurred on USDT around the same time.
Lookonchain statistics show that USDC has added 10 billion coins in circulation last month alone. Looking at the data from CMC, USDT's market capitalization curve has also risen significantly.
The two major stablecoins are increasing their volume simultaneously, how much purchasing power is behind this?
Which institutions or funds are building positions on a large scale? The market may have a new move.