Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

Quick Summary:

Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023.

With a total supply of almost $176.2 billion, stablecoins are at an all-time high.

When it probably reflected wider market retracements during the crypto winter.

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Article Details

Author / Journalist: Mohamed Faisal

Category: Crypto

Markets: United Arab EmiratesBrazilEl Salvador

Topics: Altcoin Bitcoin Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 16:50:00 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 266 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23705583

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 40 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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