USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth

Quick Summary:

The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S.dollar-backed stablecoins showing significant growth.

The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: RLUSD Sky Ripple Crypto USDS Decentralized finance Blockchain Stablecoins Digital Assets Ethereum Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 14:05:58 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

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

Copyright Owner: © Bitcoin News

News ID: 23075764

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 15 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #62

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