New growth in top stablecoin supply could signal a return of on-chain liquidity
Quick Take The recent data analysis illuminates an intriguing trend: a return to growth in the supply of the top five stablecoins – USDT, USDC, BUSD, TUSD, and DAI – after a period of contraction. In the wake of the 2021 bull run, the aggregate supply of these stablecoins skyrocketed from a modest 25 billion...