Over the past few weeks, Ethereum has been benefiting from a surprising trend: stablecoins, which have recently passed $9 billion in aggregate value. Although some of these stablecoins are based on Binance Chain, Bitcoin, or other networks, Ethereum has been the primary home for stablecoins, namely Tether’s USDT. In fact, data suggests that due to the concentration of stablecoin use on the network, the total value of coins transacted on Ethereum has begun to rival […]
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