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ICYMI: @PayPal's PYUSD is closing in on $1 billion supply, with growth on both @ethereum & @solana.
#ETH
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ICYMI: 53 stablecoin issuers currently listed on token terminal more in-depth coverage 🔜
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Circle... 1) continues to grow market share 2) is among the best businesses in the industry, based on revenue 3) continues to diversify its revenue streams from AUM (USDC, EURC, USYC) to transaction-based business lines (CCTP, CPN) 4) is seeing rapid growth, especially on @ethereum and @base
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AUM "overlap" 1) BlackRock is the issuer of BUIDL 2) Securitize tokenizes funds like BUIDL, ACRED, etc. 3) Both BlackRock & Securitize can present the BUIDL AUM as their "own" (since both co's make $ on the BUIDL product)
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one interpretation of this chart: tokenized equity will be a big unlock
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ICYMI: Monthly onchain transfer volume for USDT is at all-time highs of ~$1 trillion.
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