
Stablecoins are experiencing significant growth and adoption across the globe, driven by their utility in decentralized finance (DeFi) and blockchain technology. Ethereum's Layer 2 solutions are playing a crucial role in this expansion, with Base driving the majority of activity in the Ethereum ecosystem, including 6.7 million active wallets. The market cap of stablecoins has reached $160 billion, with Ethereum's stablecoin market cap crossing $10.16 billion and 30M+ active wallets. Stablecoins are revolutionizing payments by enabling quick, low-cost transactions and extending the reach of digital dollars worldwide. This growth is further supported by innovative programs, such as BNB Chain's gas-free transfers for USDT, FDUSD, and USDC. Despite regulatory challenges, stablecoins are becoming a cornerstone of the Web3 economy, with 70% of regular people in Lagos holding USDT, highlighting their mass market appeal.







🥧 This Week - In the #Ethereum Pie Op Mainnet Transactions ~2x in the past 90 days - https://t.co/QvVNPZbQYd Base begins its weekly Throughput hikes - https://t.co/yA1BzMW6Oq Starknet eyeing up to be the next L2 with +$100M Stablecoins - https://t.co/Wv3f1RjoyH L2s continue…
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Stablecoins like USDC/USDT have achieved massive traction the world over, and extend America's dollar hegemony. Which is why it's so ironic that US regulators are against it. If they weren't, I'd almost entertain crypto as a CIA plot, it's so clearly in America's interests.