The total supply of US dollar stablecoins has reached 165 billion dollars, hitting the highest level in nearly two years
PANews reported on April 23 that according to data from The Block Data Dashboard, the total supply of stablecoins pegged to the US dollar reached $165 billion over the weekend, which is the highest level in nearly two years. The market value of Ethena's USDe stablecoin has been continuously rising, driving a steady expansion of stablecoin supply. This stablecoin has stabilized at around $2.4 billion in recent days. Ripple stated earlier this month that by 2028, the total supply of the entire stablecoin market will reach $2.8 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With the market continuing to decline, how are the whales, DAT, and ETFs doing?
The New York Times: $28 Billion in "Black Money" in the Cryptocurrency Industry
As Trump actively promotes cryptocurrencies and the crypto industry gradually enters the mainstream, funds from scammers and various criminal groups are continuously flowing into major cryptocurrency exchanges.
What has happened to El Salvador after canceling bitcoin as legal tender?
A deep dive into how El Salvador is moving towards sovereignty and strength.
Crypto ATMs become new tools for scams: 28,000 locations across the US, $240 million stolen in six months
In front of cryptocurrency ATMs, elderly people have become precise targets for scammers.
Trending news
MoreCrypto prices
More
