Total Supply of USD-Pegged Stablecoins Hit $128B: Glassnode

A Glassnode report shows that the stablecoin sector has seen significant increases in fiat inflows, with the total supply of USD-pegged tokens reaching $128.5 billion.The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. It's time now to take a look at the chart of the day are investors getting ready to deploy capital.

Alas node report takes a look at the staple coin sector and shows a significant increase in fiat inflows with the total supply of us D pegged tokens reaching over 100 and $28 billion. The report notes that the surge is predominantly fueled by US DT which has a 74.3% market share since 2020 stablecoins have been widely used to fund Cryptocurrency purchases.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Dollar Forecast: Bullish Bias Prevails; Setups on EUR/USD, USD/JPY, USD/CADThis article scrutinizes the technical outlook for three major U.S. dollar pairs: EUR/USD, USD/JPY, and USD/CAD. Within the piece, we assess market sentiment and examine essential price levels that traders should have on their radar in the upcoming days.
Source: DailyFX - 🏆 305. / 63 Read more »

Markets Week Ahead: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US InflationThe week ahead is likely to bring elevated volatility for stocks, gold prices, U.S. Treasury yields and currency markets, courtesy of a high-impact event on the U.S. economic calendar: the release of the January inflation report.
Source: DailyFX - 🏆 305. / 63 Read more »