David Alexander II
@megafund
Fiat-backed stablecoins hit new records once again in April. Average supply reached $218B, growing by 2% month-over-month and 8% YTD. Meanwhile, monthly transaction volume surpassed $720B, also a new record. Total supply has now grown in 19 consecutive months. Tether USDT holds 71% marketshare while Circle USDC climbed to 28% (from 22% in January).
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