Stablecoin Supply Sees 32.4% Surge In 2024, Ethereum And TRON Jockey For Market Share

Spread the love

From January to September 2024, the total supply of stablecoins expanded significantly, increasing by 32.4%. Ethereum, which remains a key player in the space, saw its own stablecoin supply rise by 25.5%, amounting to $17.2 billion. Despite this growth, Ethereum’s dominance in the stablecoin market dropped slightly, from 51.9% to 49.1%, as the overall sector growth outpaced its performance. TRON Has Made Massive Movements In Stablecoin Space  Meanwhile, TRON has also made significant moves in the stablecoin market. As of September 23, 2024, TRON’s stablecoin supply reached $59.8 billion, giving it a 34.8% share of the market and securing its

The post Stablecoin Supply Sees 32.4% Surge In 2024, Ethereum And TRON Jockey For Market Share appeared first on The Merkle News.

Go to Source