The supply of stablecoins, specifically USDT and USDC, has experienced a significant increase across major blockchain networks, such as Ethereum and Tron. Data from market tracking platforms indicates a rise of $4.5 billion in these stablecoins. Ethereum saw an inflow of $2.43 billion, while Tron recorded a $2.08 billion increase. Solana and Avalanche also experienced inflows of $598 million and $411 million, respectively. The surge in stablecoin supply has led to lower slippage for large trades, appealing to institutional investors. Additionally, the total market capitalization of stablecoins has surpassed $200 billion, with USDT's market share slightly decreasing. Tether has faced regulatory issues, resulting in its delisting from some EU exchanges. On the Tron network, USDT balances are nearing an all-time high, indicating increased demand and heightened trading activity, potentially involving institutional investors.
Content Editor ( cryptopolitan.com )
- 2025-02-10
A new era for stablecoins: Ethereum and Tron network activity records $4.5B spike in 7 days
