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.