There were over 7500,000 unique weekly users of Ethereum-based stablecoins — a fresh all-time high.

Together, USDT and USDC account for the majority of the approximately $134 billion total stablecoin market on the network.

The following is excerpted from The Block’s Data and Insights newslette

r.Ethereum stablecoin senders have surged to a new all-time high, exceeding 750,000 unique weekly users across major stablecoins including USDT, USDC, BUSD, and DAI.

$ETH

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