Ethereum-based stablecoin users exceed 750,000... Accelerated adoption for ‘real-world use’
Suehyeon Lee
Summary
- The Block reported that the weekly number of Ethereum (ETH)-based stablecoin users has surpassed 750,000.
- It was stated that USDT and USDC dominate the Ethereum-based stablecoin market.
- The Block said this suggests that the real-world adoption of stablecoins is accelerating.
The number of weekly stablecoin users on the Ethereum (ETH) network has reached an all-time high.
On the 26th (local time), The Block reported, “For the first time, the weekly number of Ethereum-based stablecoin users has exceeded 750,000. This figure is based on major stablecoins such as USDT, USDC, BUSD, and DAI, indicating that the real-world adoption of stablecoins is gaining significant traction.”
According to The Block, the current Ethereum-based stablecoin market is dominated by USDT and USDC. USDT maintains a supply of $73 billion solely on Ethereum, holding the largest market share, followed by USDC with about $41 billion.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
