A steady increase in the circulating supply of stablecoins shows an increasing demand for these assets. It suggests that more traders and investors are preparing to enter the market or facilitating more trading activity.
The increase in the aggregate circulating supply of stablecoins over the last six months represents a significant development. The aggregate supply of the five largest coins peaked at over $150.874 billion on June 16 — representing a substantial increase from the $124.890 billion recorded at the beginning of the year.
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