Browsing: stablecoin growth

The recent partnership between Circle and Bybit represents a pivotal moment in the adoption of USDC, the widely recognized stablecoin.As the second-largest cryptocurrency exchange by trading volume, Bybit is set to enhance USDC liquidity and broaden its utilization across various financial avenues, from savings to payment solutions.

PayPal PYUSD stablecoin is gaining significant traction in the cryptocurrency landscape, showcasing a remarkable market capitalization increase from $1.2 billion in September to approximately $3.8 billion today.This surge is indicative of a broader trend in stablecoin growth, where the demand for digital currencies tied to the dollar is on the rise.

Understanding the dynamics of ERC-20 stablecoin supply is crucial for grasping the current trends in the cryptocurrency market.At an astounding record of $185 billion, the robust supply of ERC-20 stablecoins is perceived as a pivotal indicator of bull market signals.