Stablecoin

Bull Market

USDe

First Digital USD

Frenzy

<ul class="news-points">
 <li>The stablecoin market has seen a $4.21 inflow within the last ten days.</li>
 <li>Tether USDT accounted for a $2.4 billion inflow, mainly via the Tron blockchain.</li>
 <li>Ethena Labs’ USDe climbed to a $2 billion valuation from below $600 million at the beginning of March.</li>
</ul>
The influx of capital into stablecoins has surged, with a staggering $4.21 billion injected into dollar-pegged cryptocurrencies within the last ten days. According to <a href="https://defillama.com/stablecoins" target="_blank" rel="noopener noreferrer nofollow">data from DefiLlama</a>, the stablecoin market was about $150.42 billion as of Apri 1. The figure has grown by $4.21 billion to hit $154.63 at press time.
Of the $4.2 billion influx, Tether, the most prominent stablecoin issuer, accounted for $2.4 billion in USDT. Notably, most of the USDT tokens were issued via the Tron blockchain. At press time, Tether commands $107.28 billion of the stablecoin market.&nbsp;
However, Circle’s USDC, while maintaining its standing as the second-largest stablecoin, has seen comparatively modest growth. While stalwarts like USDT and USDC remain dominant, new contenders are gaining traction.&nbsp;
For instance, First Digital USD (FDUSD) grew from $2.17 billion at…
The post <a href="https://coinedition.com/stablecoin-injected-with-over-4-2b-amid-bull-market-frenzy/" rel="noopener noreferrer nofollow">Stablecoin Injected with Over $4.2B Amid Bull Market Frenzy</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Stablecoin Injected with Over $4.2B Amid Bull Market Frenzy

Coin Edition

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