Jun 12, 02:18 AM

Stablecoins Market Cap Hits $150 Billion, $6 Trillion Transaction Volume, Euro Stablecoins 1.1%, USD Stablecoins 90%

Stable coins have seen significant growth, with a market cap of $150 billion. The rise in interest rates has sparked the need for yield-bearing stable coins. Stablecoins have quickly grown to over $6 trillion in annual transaction volume, particularly benefiting the USD. Euro-denominated crypto transactions show a notable increase in the use of stablecoins, with EUR-stablecoins at 1.1% and USD-stablecoins at 90%.

Written with ChatGPT (GPT-3).

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Patrick Hansen@paddi_hansen
2 years ago
1.1% of euro-denominated crypto transactions are done using EUR-stablecoins. The same number is 90% for USD-stablecoins. It sounds funny, but the 1.1% is actually an all-time high. It was basically zero a few years ago. If you ask me, it will only continue to grow from here,… https://t.co/47LKuF8fhm
Wazz@WazzCrypto
2 years ago
Stablecoins are crypto's best pmf https://t.co/8yI9R64hps
Eric Falkenstein@egfalken
2 years ago
A Better Stablecoin on a Perp DEX, by @egfalken https://t.co/s0rcXZLxHx

Stablecoins Market Cap Hits $150 Billion, $6 Trillion Transaction Volume, Euro Stablecoins 1.1%, USD Stablecoins 90%

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