Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop

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Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop

   Adoption Bitcoin Ethereum Ethereum News stablecoin terra Trading    July 14, 2022  |  0

Following the collapse of Terra and the subsequent crypto crash, stablecoin active addresses surged to a new all-time high. Meanwhile, bitcoin (BTC) and ethereum (ETH) active addresses have plunged drastically during this period. 
According to a recent report by crypto intelligence firm Coin Metrics, stablecoin active addresses hit a new all-time high in May 2022, peaking at over 748,000 on May 18. This number has remained at over 650,000 since then, per the analysts. …
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