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The increased use of stablecoins could be a sign of growing crypto adoption for a maturing industry.
Stablecoin transfers have increased more than 16-fold in the past four years, highlighted as a promising measure of cryptocurrency mass adoption, with monthly stablecoin transfers reaching a record $1.68 trillion in April, up from $100 billion. It rose in October 2020, representing a more than 16-fold increase, according to Token Terminal data.
Stablecoins represent the main bridge between the traditional financial system and the digital asset space, the movements of stablecoins are often used to measure the health of the crypto market and investor confidence, the increase in the market value of stablecoins is usually accompanied by the increase in investor confidence and represents Capital inflows are higher, according to DeFiLlama, the total market capitalization of all stablecoins has grown from $130 billion on January 1 to more than $162 billion, a percent increase year-to-date. 9 replies
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