Due to the recent approval of Ethereum ETFs, the Stablecoin market capitalization and supply have grown in the last few days.
metrics has revealed significant trends, particularly in the stablecoin supply and market capitalization.
This increase has continued, and as of the latest data, the total stablecoin supply has reached around $170 billion, marking one of its highest levels recently. They are often used as safe havens or liquidity pools during market volatility or when traders prepare to move large sums within the cryptocurrency market.analysis from IntoTheBlock highlighted its continued dominance in the stablecoin market, with a market capitalization exceeding $114 billion.
Additionally, the number of daily active addresses for USDT has seen a notable increase, rising by over 9% in the last 24 hours to nearly 87,000 active addresses.showed its market capitalization was approximately $34 billion, making it the second-largest stablecoin after USDT.
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