Summary
- "It was reported that the supply of standard stablecoins on Ethereum reached an all-time high of $120.8 billion."
- "This increase in supply was said to indicate the addition of new liquidity."
- "It was mentioned that if the supply of stablecoins continues to grow, it will be considered a very positive and strong signal."
It has been reported that the supply of standard Ethereum (ETH) stablecoins (virtual assets pegged to fiat currencies) has reached an all-time high.
On the 8th (KST), a contributor for DarkPost CryptoQuant stated in a report, "The supply of Ethereum standard stablecoins has hit an all-time high at $120.8 billion," and analyzed, "This demonstrates that the Ethereum ecosystem remains very much active."
The contributor explained, "Stablecoins are flexibly issued in response to market demand," adding, "This increase in supply indicates that new liquidity is being infused." They also noted, "If the supply of stablecoins continues to grow, it will be regarded as a very positive and strong signal."
Uk Jin
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