The adjusted transaction quantity for stablecoins hit a brand new all-time excessive in June, in line with knowledge collected by The Block.
The event represents the third month in a row that the determine was above $40 billion, beating the earlier excessive seen in April. As soon as once more, that adjusted transaction quantity was dominated by Tether.
The info continues a sample seen for the reason that spring, when adjusted transaction volumes jumped above the vary seen between October and February.
On Thursday, the stablecoin USDC crossed the 1 billion token provide mark, as The Block beforehand reported.
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