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Mareena

09/01 08:43

Stablecoins on Ethereum see exponential growth Me

Stablecoins on Ethereum see exponential growth

Meanwhile, the stablecoin supply on Ethereum has surpassed $160 billion, marking an all-time high and more than doubling since January 2024, reported Token Terminal on Saturday. 

“Stablecoin demand seems exponential on Ethereum,” commented Tom Lee the following day.


Ether gained over the weekend, approaching the $4,500 level but failed to break resistance there, returning below $4,400 during early trading on Monday morning. 
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