The stablecoin market grew by $2.81 billion in the past week
PANews reported on April 20 that according to News.bitcoin, the stablecoin market has expanded by US$2.81 billion in the past seven days, with a market value of nearly US$160 billion. $2.2 billion of that growth was attributed to Tether (USDT). Tether’s supply has expanded by 5.6% over the past month and is now valued at $109.38 billion. The market valuation of USDC rose from approximately US$32.02 billion to US$33.15 billion.
DAI also experienced a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In comparison, FDUSD fell slightly from $3.93 billion on April 12 to $3.58 billion today. Despite this week’s decline, FDUSD’s supply has risen 23.8% since March 19. Ethena’s USDE supply has not seen major changes over the past week, remaining at $2.38 billion.
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
SHIB Could Rebound If Key Support Survives
Rising Treasury Yields Pressure the Fed: What Yield Control Means for Bitcoin
Franklin Templeton to bring tokenized assets into traditional ETFs — Details
TACO expectations not met! US-Canada trade talks break down, US imposes 50% tariffs, Canada suspends negotiations and prepares "equivalent retaliation"
Carney has suspended trade negotiations and vowed to take reciprocal retaliatory measures against the newly imposed US tariffs. A senior government official stated that, due to the new 50% tariffs implemented by the US, no further talks have been scheduled.
Crypto prices
More
