Stablecoin supply up $5.4bn after US election
The supply of the two major stablecoins, Tether (USDT) and Circle (USDC), has increased by $5.4 billion in a week since the US elections. Analysts say the increase reflects rising investor demand for crypto assets. The data shows that both USDT and USDC had record supply on different networks, indicating a diversification in the demand for stablecoins.
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.
You may also like
UBS: Politicization of the Federal Reserve Will Increase U.S. Treasury Risk Premium
U.S. stocks open lower, Dow Jones down 0.19%, Pinduoduo falls 1.08% at the open
Prediction market Kalshi appoints crypto KOL John Wang as Head of Crypto Business
Total Crypto Market Cap Falls Below $4 Trillion, Altcoin Market Cap Drops 3.58% in a Day
Trending news
MoreCrypto prices
More








