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https://www.gate.com/announcements/article/45974
The weekly issuance of stablecoins surged by 15%, with 300 million new coins flowing into the exchange.
According to the latest stablecoin data statistics, in the past week, the issuance of a well-known stablecoin has seen a significant rise. The data shows that as of 3 PM today, the new issuance of this stablecoin has reached 300 million coins, an increase of 15.38% compared to last week. Among them, the number of stablecoins newly issued through the official Address is 170 million coins, a rise of 46.92% compared to last week.
It is worth noting that among these newly issued stablecoins, approximately 128 million coins have already flowed into major trading platforms in the market. These platforms include several leading centralized and decentralized exchanges in the industry.
This data reflects the ongoing rise in market demand for stablecoins, which may indicate increased activity in the cryptocurrency market. At the same time, the influx of stablecoins into exchanges may suggest that traders are preparing for potential market opportunities.
However, it is important to note that the increase in stablecoin supply does not directly equate to a rise in the overall cryptocurrency market. Investors and analysts still need to closely monitor other market indicators to fully assess the current market trends and potential risks.