The total supply of US dollar stablecoins has reached 165 billion dollars, hitting the highest level in nearly two years

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Bitget2024/04/23 00:45

By:Bitget

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.

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