The stablecoin market has witnessed significant growth, reaching a new peak of over $150 billion, marking an increase of $20 billion since January. Tether, a leading player in the stablecoin space, has further expanded its Bitcoin reserves, now holding over $5.1 billion worth of the asset. This quarter, Tether minted an additional 1 billion USDT, contributing to a total of 6 billion USDT minted in the past month. The USDC stablecoin also saw a notable expansion, increasing its supply by 22%, more than any other major global stablecoin, with $250M USDC minted at the USDC Treasury on Solana. Moreover, the Solana blockchain experienced a substantial influx of stablecoins, with its supply breaking $3 billion and an inflow of over $150 million in stablecoins in the last 24 hours alone. Circle launched a USDC Grant Program to fund projects utilizing USDC for addressing real-world issues. Additionally, the cumulative supply of the top three dollar-pegged stablecoins - USDT, USDC, DAI - has reached its highest level since May 2022, indicating a reassurance of stability for Bitcoin bulls. Tether's Bitcoin reserve is now nearly $3 billion up, and Solana's stablecoin supply has surged 55% in just 3 months, with Circle's USDC holding a 73% market share. The stablecoin transfer volume on Solana has also skyrocketed 64% to $1.4 trillion.
Jerome Powell prints $1b US Treasuries - @Tether_to mints 1b $USDT 5 min ago.π We going up. NOTE: This happened while Jerome Powell was talking π https://t.co/oiryUGNouP https://t.co/q9omj3Gle9
π¨ BREAKING π¨ 1,000,000,000 USDT JUST GOT MINTED AT TETHER TREASURY YESTERDAY ALSO $1 BILLION USDT WAS MINTED. ARE WHALES PREPARING FOR A HUGE #BITCOIN PUMP ? https://t.co/mERtkUw7Wj
Jerome Powell prints $1b US Treasuries - @Tether_to mints 1b $USDT 5 min ago.π We going up. https://t.co/oiryUGNouP https://t.co/Ozlpvcfbge
#Solana's stablecoin supply has surged 55% in just 3 months, surpassing $3 billion! Circle's $USDC holds a 73% market share. Stablecoin transfer volume on Solana has also skyrocketed 64% to $1.4 trillion. https://t.co/YubilvMAIK
NEW: Tether is now up nearly $3 BILLION on its #Bitcoin reserve, on-chain data indicates. There is no second best π
The cumulative supply of the top three dollar-pegged stablecoins β $USDT, $USDC, $DAI - has increased to their highest level since May 2022, reassuring stability to $BTC bulls. Reports @godbole17. https://t.co/XUGbIw3uYw
π¨ BREAKING: Over $10 million bridged from other chains to @solana in the last 24 hours. https://t.co/dcqqGAAY8r
The bottom has probably been reached. @Tether_to just printed another billion USD. Send it higher #Bitcoin, #Ethereum...π https://t.co/m1kxtywnNm
π¨ BREAKING: @solana Stablecoins Supply (Market Cap) surpasses $3 billion. (Total Supply in $USD value) https://t.co/5XIGVqyT3F
π¨ BREAKING: $250 million USDC just minted on the @Circle Treasury on @solana. https://t.co/0XrQrzuyUa
πΎ TETHER PRINTER πΎ Just printed $1,149,800,000 USDT! Total Supply: $108,942,615,137
π¨ LATEST: @circle launches USDC Grant Program to fund projects utilizing $USDC for addressing real-world issues. https://t.co/tifmoRKpgF
π¨ BREAKING: @Solana saw an inflow of over $150 million in stablecoins over the past 24 hours. One of the largest inflows in the past 3 months. https://t.co/MaADG9tUW3
BREAKING: @solana STABLECOIN SUPPLY BREAKS $3 BILLION https://t.co/6z4deUr2vY
Jerome Powell prints $250m US Treasuries, @Tether_to mints 250m $USDT on @solana We going up. π (love the iquidity) https://t.co/rlqVxfW9kP https://t.co/RpIIPIwVoS
BREAKING: $250M $USDC MINTED AT $USDC TREASURY ON @solana https://t.co/MJFScP77uC
Solana stablecoin issuance broke $3B again. @artemis__xyz is working on some exciting reports into @circle CCTP impact and new fundsβ preferred activities. Stay tuned! https://t.co/zosTna8xYQ
π¨ BREAKING π¨ $1 BILLION USDT JUST MINTED AT THE TETHER TREASURY. BULLISH π₯ https://t.co/4JWkGGo8at
Tether Treasury minted 1B $USDT again 2 hours ago. #TetherTreasury has minted a total of 6B $USDT in the past month. It seems that after every minting, the price of $BTC increases, is it a coincidence? https://t.co/8NzHewH6Rl https://t.co/2wFo2DEvz3 https://t.co/D5lEev8MdU
Q1 change in stablecoin supply: $USDC expanded by 22%, more than any other major global stablecoin π₯ https://t.co/ZigyS2VPeI
1 billion $USDT minted 4min ago. Jerome Powell prints another $1b US Treasuries through @Tether_to $USDT on @trondao $TRX - this indicates we are probably going back up.π https://t.co/u6tMaYzeQd https://t.co/Vb2UCs5M5H
Stablecoin giant Tether added even more Bitcoin to its balance sheet in Q1 and now holds over $5.1 billion worth of the asset. Click to read: https://t.co/cGDF5IUjLq
Stablecoin market reaches a new peak of over $150 billion! π $20 billion since January. https://t.co/mwY6usvA1c