TUSD may have played a big role in Bitcoin’s recent upswing The crypto community has expressed interest in and debate regarding the recent price rise of Bitcoin (BTC). Emerging data suggests that TUSD, a stablecoin, may have played a significant role in contributing to Bitcoin’s upward momentum. Some have attributed the rally to factors such as Blackrock’s ETF or a short squeeze. Since 2018, there have only been three significant increases of over $1 billion in the circulating supply of TUSD. These events occurred in May 2021, February 2023, and June 2023, respectively. Surprisingly, Bitcoin experienced a rally within a
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