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
Arthur Hayes Predicts Bitcoin Could Reach $3.4M by 2028
Smarter Web Company Buys 55 BTC, Now Holds 2,525 Bitcoin
SegaSwap Raises $10M to Expand AMM and Liquid-Staked SOL on Solana
Federal Reserve officials debate remotely: Bowman calls for faster rate cuts, Goolsbee urges caution
Divergence intensifies! Trump-affiliated official Bowman expresses concern that the Federal Reserve may have acted too late, stating that if employment worsens, stronger rate cuts will be needed; meanwhile, Goolsbee says that with inflation exceeding targets and showing an upward trend, aggressive easing is not appropriate.
Trending news
MoreCrypto prices
More
