The Stablecoin Supply Ratio (SSR), a key market indicator, has been on a steady climb this year, impacting the purchasing power of stablecoins. Our analysis delves into this metric that reflects the relationship between Bitcoin and the U.S. dollar. A low SSR highlights stablecoins' high buying power, whereas a high SSR signals the opposite... We've witnessed the SSR rise from 2.36 to 4.65 since the year's start, alongside Bitcoin's price increase. But what does this mean for the future of Bitcoin and the role of stablecoins like Tether and TrueUSD? The answer might surprise you...
Growing supply diminishes stablecoin Bitcoin buying power Growing supply diminishes stablecoin Bitcoin buying power
The Stablecoin Supply Ratio (SSR) has grown notably this year, indicating a diminishing Bitcoin buying power for dollar-pegged coins.
2 min read
Updated: Aug. 17, 2023 at 4:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Tether
$1.00108
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
