Stablecoin Supply Falls $13.9B; Tron USDT Hits Record $90.3B

TRX-0.46%
ETH1.17%
According to EmberCN, on July 11, stablecoins USDT and USDC saw combined supply decline of approximately $13.9 billion over recent months, with USDT down $7.4 billion and USDC down $6.5 billion. Meanwhile, Tron-based USDT rose to a historic high of $90.3 billion, gaining roughly $2 billion over the past month, as supply reduction was primarily driven by Ethereum-based DeFi ecosystems while Tron continued growing demand from cross-border transfers and payment settlement use cases.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments