Stablecoin Supply Has Declined to $124 Billion from $138 Billion at the Beginning of the Year
2023/07/05 02:56
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Total stablecoin supply has fallen from $138 billion at the start of the year to $124 billion as of July 3, according to The Block.
Tether's USDT has increased its share of the stablecoin market since USDC's brief de-anchoring in March, but the monthly average daily trading volume of the top 10 stablecoins still fell from $53 billion in March 2023 to $28 billion in May.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
Crypto prices
More
Bitcoin
BTC
$77,113.55
-0.12%
Ethereum
ETH
$2,519.2
-1.03%
Tether USDt
USDT
$0.9998
+0.01%
BNB
BNB
$725.83
+0.16%
XRP
XRP
$1.36
+0.54%
USDC
USDC
$0.9999
+0.02%
Solana
SOL
$101.61
+0.12%
TRON
TRX
$0.3397
+0.94%
Hyperliquid
HYPE
$79.82
-0.81%
Zcash
ZEC
$1,123.88
-3.87%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now