USDT supply on the Ethereum chain reaches $80 billion, regaining its dominant position
Jinse Finance reported that Ethereum has regained its position as the main network for USDT supply, with a supply scale reaching 80 billion dollars, surpassing Tron after falling behind in early March. Ethereum's resurgence indicates that, compared to Tron's lower transaction costs, users value its mature DeFi ecosystem and institutional-grade infrastructure more. Currently, the daily stablecoin transfer volume on Ethereum has approached 1 million transactions, which not only shows a considerable static holding of USDT, but also reflects its active application in the fields of payment and settlement.
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
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%
Data: The current Crypto Fear & Greed Index is 29, indicating a state of fear.