The total supply of stablecoins surpassed 244 billion tokens in May, marking a significant growth of 2.88%. USDT showed the highest increase with 3.9 billion new tokens, mainly on the TRON blockchain.
USDC recorded impressive bridging volumes, achieving 7.7 billion USD through the CCTP bridge, indicating strong demand among users for network transitions and efficiency.
In May, 33.1 million active addresses utilized stablecoins, with significant activity on BNB Smart Chain and TRON, reflecting an overall bullish trend in the crypto market.
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