The entire provide of Ethereum stablecoins has recovered to the best stage since March 2023 at $92 billion. It hit a report $125.6 billion initially of March 2022. https://preview.redd.it/7hvnqfulanwc1.png?width=768&format=png&auto=webp&s=4d6a658146a04621e95ff13a26dc4b844dc2d92c Whole stablecoin provide is now on the highest since June 2022 at over $165 billion. The stablecoin market hit a report valuation of over $183 billion in Could 2022. Tether’s USDT continues to dominate the sector with its report market cap of $115 billion, accounting for 70% of the whole market cap – At the moment, nearly 58 billion USDT resides on Tron and over 52 billion on Ethereum, each at a report excessive. https://preview.redd.it/5tqdzopoanwc1.png?width=1024&format=png&auto=webp&s=ed2c97e17b90e5caf13c218a11733cf18fce7685 Algorithmic stablecoins on Ethereum are additionally experiencing a revival, with the whole provide surging to nearly $10 billion, which is the best since October 2022.
OC: https://www.nftgators.com/ethereum-stablecoin-volume-to-hit-record-1t-in-april/ submitted by /u/TooShortGiraffe |