Crypto Liquidity Surges as Stablecoin Supply Hits Record $217.8 Billion
- Stablecoin supply reaches $217.8B, signaling growing liquidity and market influence.
- Tron leads stablecoin inflows, surpassing $824 million in recent transactions.
- Ethereum Layer-2s like Base, Polygon, and Optimism see increased stablecoin reserves.
Stablecoin activity has surged, indicating rising momentum in liquidity inflows within the crypto market. Recent data shows an increase in stablecoin supply, reflecting these assets’ growing adoption and role in global finance. With stablecoins like USDT (Tether) and USDC at the forefront, liquidity appears to be gaining strength, which may influence future market prices.
According to recent observations from Ash Crypto, stablecoin supply has reached an all-time high of $217.8 billion. This marks a surge in liquidity, which is expected to drive general market movements. A chart accompanying the analysis shows the steady increase in stablecoin supply from mid-2021 through August 2024.
As the supply of stablecoi…
The post Crypto Liquidity Surges as Stablecoin Supply Hits Record $217.8 Billion appeared first on Coin Edition.
Read More
FDUSD Stablecoin Fully Backed, Says First Digital Labs Amid Justin Sun Fraud Allegations
Gold Hits $3,245—Echoes of 1980s Rally, But Built to Last
Crypto Liquidity Surges as Stablecoin Supply Hits Record $217.8 Billion
- Stablecoin supply reaches $217.8B, signaling growing liquidity and market influence.
- Tron leads stablecoin inflows, surpassing $824 million in recent transactions.
- Ethereum Layer-2s like Base, Polygon, and Optimism see increased stablecoin reserves.
Stablecoin activity has surged, indicating rising momentum in liquidity inflows within the crypto market. Recent data shows an increase in stablecoin supply, reflecting these assets’ growing adoption and role in global finance. With stablecoins like USDT (Tether) and USDC at the forefront, liquidity appears to be gaining strength, which may influence future market prices.
According to recent observations from Ash Crypto, stablecoin supply has reached an all-time high of $217.8 billion. This marks a surge in liquidity, which is expected to drive general market movements. A chart accompanying the analysis shows the steady increase in stablecoin supply from mid-2021 through August 2024.
As the supply of stablecoi…
The post Crypto Liquidity Surges as Stablecoin Supply Hits Record $217.8 Billion appeared first on Coin Edition.
Read More
FDUSD Stablecoin Fully Backed, Says First Digital Labs Amid Justin Sun Fraud Allegations