Tag: supply surge

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Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume

August 18, 2023

For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume, accounting for 61% of all settled trades in…
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TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins

June 20, 2023

Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens to its existing supply. As of the present moment, the market capitalization of TUSD stands at…
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