Stablecoin market cap increases by $100M every single day
Cointelegraph
Published Sep 04, 2020 01:21AM ET
Updated Sep 05, 2020 03:20AM ET
The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins.
According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, and USDT_TRX has been increasing by roughly $100 million daily for almost two months.
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Written By: Cointelegraph
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