Are Stable Coins About To Revolutionise Global Liquidity Supply?
No, but Yes!
Latest data show that Global Liquidity is, at best, flat lining. This is confirmed in the following two charts. The first show our daily index of market liquidity: a measure of the depth and accessibility of financial markets, ie the ability to transact in large size, close to current prices. It is plotted as an index with range 0-100. The second chart, shown in index form against 13-week changes in US$ flows, compares market liquidity and funding liquidity, its ultimate driver and the Global Liquidity measure we prefer to cite. This data, which is reported weekly, also evidences a near-term slowdown.
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