Cumulative supply of USDT, USDC and DAI hits highest level since May 2022
According to ChainCatcher news, the cumulative supply of the three major stablecoins (USDT, USDC and DAI) has increased to $141.42 billion, hitting the highest level since May 2022.
Data shows that funds continue to flow into the cryptocurrency market. Bitcoin’s market capitalization has exceeded $73,500, but it is currently trading at $66,300 as the likelihood of a Fed rate hike in June diminishes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As mass production of Rubin approaches, Nvidia (NVDA.US) tightens its 50% profit-sharing model, using “de-circularization” governance to ease market anxiety
Nvidia has suspended some transactions in its new financing program, which aims to provide credit support to AI cloud companies in exchange for a share of their revenue.
Hyperliquid Strategies raises $647 million, doubles HYPE holdings to $1.9 billion
Seven Years Ahead of Wall Street’s Bullishest Forecast! Elon Musk Personally “Corrects” Morgan Stanley: SpaceX (SPCX.US) Will Achieve $3.5 Trillion Annual Revenue by 2033
Musk stated on the social media platform X that SpaceX may achieve annual revenue of approximately $3.5 trillion around 2033, which is about seven years earlier than Morgan Stanley's prediction of 2040.
Crypto prices
More
