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Weekly Active Users of Ethereum Stablecoins Surpass 750,000, Setting New Record
Summary: According to reports, the number of weekly active independent users of Ethereum-based stablecoins has surpassed 750,000, reaching a historic high. USDT and USDC continue to dominate, with circulating volumes on Ethereum of $73 billion and $41 billion respectively, accounting for approximately 85% of the total stablecoin market value. Market analysis indicates that the use of ...
According to reports, the number of weekly active independent users of Ethereum-based stablecoins has surpassed 750,000, reaching a historic high. USDT and USDC continue to dominate, with circulating volumes on Ethereum of $73 billion and $41 billion respectively, accounting for approximately 85% of the total stablecoin market value. Market analysis indicates that the use of stablecoins is shifting from speculative demand to practical applications such as payments and settlements. With traditional financial institutions accelerating their involvement, stablecoins are gradually becoming a crucial infrastructure for digital commerce. The current market landscape is dominated by leading stablecoins, while there is still around $20 billion in potential market space for new projects to compete. Industry experts believe that stablecoin issuers will compete in areas such as fee optimization and revenue mechanisms to drive product innovation and lower user barriers, reflecting the increasing popularity of digital dollars and crypto financial services. (The Block)
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