Demand for stablecoins grows as market prepares for volatility
Summary
The circulating supply of stablecoins has significantly increased this year, reaching a peak of $150.87 billion. This indicates a trend towards stability and risk management among cryptocurrency investors. Tether (USDT) has seen a substantial rise in supply, while USD Coin (USDC) has also grown significantly due to its regulatory compliance. However, Binance USD (BUSD) and TrueUSD (TUSD) have faced sharp declines due to regulatory challenges and decreased interest.
