Other● Neutral

Stablecoin Study: USDC and USDT Move in Opposite Ways Around Crypto Rallies

TradingGain Newsroom·10d ago·21 Oct 2026, 13:50 UTC

A Coin Metrics study finds that USDC and USDT growth respond in opposite ways to earlier crypto returns outside stablecoins. USDC growth tends to slow during rallies, while USDT growth tends to speed up. The results make it harder to read combined stablecoin issuance as a clear sign of fresh Bitcoin demand.

BTCAt the time of writing, Bitcoin traded at $83,866 (+0.8% in 24h).Live price →

Why it matters

USDC growth moves in the opposite direction to prior non-stablecoin crypto returns.
USDT growth shows the reverse pattern, speeding up as earlier crypto returns improve.
The findings challenge the idea that combined stablecoin issuance reliably signals new Bitcoin demand.

What to watch next

Watch for further stablecoin issuance data and any follow-up analysis to see whether the USDC and USDT patterns hold.

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This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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