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DAI Leads Stablecoin Volumes As DeFi Signals Potential For New Growth Phase

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Stablecoin on-chain volumes saw significant movement on November 4th, with $DAI taking the lead at $22.4 billion—surpassing $USDC’s $9.37 billion and $USDT’s $7.39 billion. This impressive volume suggests a possible rise in DeFi activity or an emerging shift in user preference toward decentralized assets like DAI. In contrast, USDC and USDT held steady, reinforcing their … Read more

Sky Reports Over 1 Billion USDS Minted Since August Rebrand

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It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since … Read more

Stablecoin Market Adds $1B in Six Days as Major Tokens Expand

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In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than … Read more

Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC

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Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed … Read more

Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins

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In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent … Read more