Ethereum's stablecoin supply has reached an all-time high, surpassing $132.4 billion for the first time in nearly three years. The total stablecoin supply on Ethereum increased by $321 million in the past day, $1.407 billion in the past week, and $2.786 billion in the past month. This surge contributes to the overall stablecoin market, which has exceeded $200 billion, with USDT leading at $142 billion, followed by USDC at $49 billion. Ethereum maintains a dominant position in the stablecoin sector, accounting for 58% of the total supply, while Tron and Binance Smart Chain hold 31% and 3%, respectively. The rapid growth of stablecoins has made them one of the fastest-growing segments in the cryptocurrency industry, highlighting their increasing importance and utility. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
