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surge in stablecoins on ethereum layer 2 networks reaches historic highs
Ethereum’s layer 2 networks have reached a historic milestone, holding over $13.5 billion in stablecoins, driven by solutions like Arbitrum One and Base. The total market capitalization of stablecoins has surpassed $200 billion, reflecting their growing importance in the crypto ecosystem and potential for transforming financial transactions. Experts anticipate continued growth in stablecoin adoption as blockchain infrastructures improve.
Cointribune
United States Dollar Tether USDt CNY USD Coin JPY Show more
Finance & Economy, Market Report
09:05 21.12.2024
ethereum layer two networks secure 13.5 billion in stablecoins
Ethereum layer-2 networks now hold $13.5 billion in stablecoins, reflecting a growing demand within the cryptocurrency ecosystem. Arbitrum One leads with $6.75 billion, followed by Base at $3.56 billion, as the stablecoin market capitalization surpasses $200 billion, driven by Tether (USDT) and USD Coin (USDC). The introduction of MiCA regulations in the EU may further boost stablecoin adoption, enhancing their role in payments and decentralized finance.
Coinchapter
Tether USDt EUR USD Coin JPY Matthias Seidl Show more
Finance & Economy, Market Report
19:54 20.12.2024
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