The analysis shows that the total amount of mainstream stable currency coins reached US$5.14 billion, showing a significant correlation with Bitcoin prices.

According to Tokenview data analysis, the mainstream stable currencies (USDT, TUSD, GUSD, PAX, USDC and DAI) from January 1 to July 31 this year totaled $5.14 billion in OMNI and Ethereum. The top three coins were USDT-33.8 billion, USDC-720 million and PAX-590 million; the proportions were 65.77%, 14.01% and 11.43% respectively. Most of the stable coin minting volume began to rise in April, showing a very significant correlation with the price fluctuation of Bitcoin. And the extent of the net inflow (outflow) of stable coins is also significantly related to price fluctuations.