Stablecoin Expansion Continues Even as Bitcoin (BTC) Rally Appears to Stall

Supply of top three stablecoins continues to rise. (TradingView)


However, during the same time, the cumulative supply of the top three stablecoins, tether (USDT), USD Coin (USDC), and DAI (DAI), which dominate the stablecoin market with over 90% share, increased by 2.1% to $141.42 billion, reaching its highest level since May 2022, according to data from charting platform TradingView. The cumulative supply is up over $20 billion this year.


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