๐ก Ethereum Stablecoin Supply Sees Significant Increase
The Ethereum network is witnessing a major surge in stablecoin supply, signaling growing demand for on-chain liquidity and DeFi activity. Stablecoins like USDT, USDC, and DAI are increasingly being minted and deployed on Ethereum, highlighting its role as the backbone of decentralized finance. This spike reflects rising confidence in Ethereumโs ecosystem, as investors and traders seek stable assets for trading, yield farming, and cross-border transfers. A higher stablecoin supply also strengthens Ethereumโs position as the go-to settlement layer for the digital economy. ๐
