The stablecoin market has surged to over $150 billion, with Tether's $USDT leading at $104 billion and Circle's $USDC climbing to $32 billion. Circle recently minted $134 million $USDC on Ethereum, contributing to the market's growth. The overall stablecoin supply saw a significant increase in Q1, with $USDC expanding by 22%.
Q1 change in stablecoin supply: $USDC expanded by 22%, more than any other major global stablecoin 🔥 https://t.co/ZigyS2VPeI
💵 💵 💵 52,917,160 #USDC (52,773,384 USD) minted at USDC Treasury https://t.co/m4I5CiEhtU
💵 💵 💵 68,000,000 #USDC (67,945,600 USD) minted at USDC Treasury https://t.co/xErLYymzvu
Stablecoin market reaches a new peak of over $150 billion! 🆙 $20 billion since January. https://t.co/mwY6usvA1c
Stable Coin Update: @circle mints $134m $USDC on #Ethereum 4min ago 👀 https://t.co/TmPx0oH14A
Stable Coin Update: @circle mints $134b $USDC on #Ethereum 4min ago 👀 https://t.co/pyZOfu7VJl
Stablecoin Sector Hits $150 Billion The stablecoin market has reached a new peak of over $150 billion, up $20 billion since January, marking a significant recovery post-FTX collapse. Tether's $USDT leads with $104 billion, while Circle's $USDC climbs to $32 billion. https://t.co/gfYmkvGprz