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CoinGape 2024-05-31 22:07:16

Stablecoins Record $846 Billion in On-Chain Trades in May

Stablecoins maintained a substantial presence in the cryptocurrency market, with $846 billion in on-chain trading volume this May, despite a 30% monthly drop. The total supply of stablecoins remained $20 billion below its peak, signaling robust market activity amid fluctuations. Stablecoins Gain Ground in Remittance Market IntoTheBlock, an on-chain data platform, revealed in its latest The post Stablecoins Record $846 Billion in On-Chain Trades in May appeared first on CoinGape .

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