Ethereum-based stablecoins hit a record of 750,000 unique users in one week. This indicates a growing trend towards real-world utility of stablecoins, marking a significant shift from using them solely for speculative trading.
USDT and USDC continue to dominate the stablecoin market, collectively holding over US$114 billion of the total US$134 billion supply. However, competition is rising with new entrants aiming to leverage unique user incentives and lower fees.
The rise in institutional adoption is notably expanding the use cases for stablecoins. Their applications are increasingly realized in cross-border transactions and payroll solutions, reflecting their growing significance in digital commerce.
Leave a Reply