A new record on the Ethereum network: Stablecoin trading volume exceeds $908 billion in one month!
Ethereum witnessed a historic high for on-chain stablecoin trading volume in April, reaching $908 billion, solidifying its position as the preferred network for dollar-denominated digital assets.
Key points:
• More than $500 billion of this volume came from USDC alone!
• Notable increase in the use of DAI and USDS.
• Major companies like Meta and Stripe are adopting stablecoins to reduce costs and enhance infrastructure.
• Trump's financial project issues the USD1 coin, reaching nearly $2 billion in token issuance, becoming the seventh largest stablecoin by market capitalization.
• Fortune 100 companies start testing stablecoins for cross-border transfers.
Competition is intensifying, fees are decreasing, and stablecoins are set to become the backbone of global digital payments.
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