The supply of stablecoins in the fourth quarter was US$3.8 billion, and the net supply of the top five stablecoins by market capitalization turned po
The stablecoin supply in the fourth quarter of 2023 is $3.8 billion. This is the first positive net supply of the top five stablecoins in nearly two years. After six consecutive quarters of negative net supply, the top five stablecoins achieved a positive net supply of $3.8 billion in the fourth quarter. The last time the stablecoin supply was positive was in the first quarter of 2022, when the supply exceeded $17 billion.
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
26 of 31 publicly traded Bitcoin mining companies have seen their stock prices rise so far this year
FTX announces initial repayment schedule, with first repayment expected to start on February 25
BTC falls below $94,000