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Stablecoin Network Growth Spikes... More Money Coming Into Crypto?

@brianq
1 min read
27.08.2024
USDC
USDT


🤑 The Tether network quietly hit a 5-month high in new wallet creation, exceeding 31.3K wallets in a single day. Multi Collateral Dai has also seen rising network growth.

💸 Since these new wallets are being created after a market recovery, and without any notable declined in Bitcoin or Ethereum wallets, this may very well be a sign that new money is being injected into crypto on increasing trader confidence.

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Featured in this Insight

Tether [on Avalanche] USDT

$ 1.000135
0.0214%
in last 7d

Tether [on Arbitrum] USDT

$ 1.000135
0.0214%
in last 7d

USD Coin [on Arbitrum] USDC

$ 0.999858
-0.002%
in last 7d

Tether [on Optimism] USDT

$ 1.000135
0.0214%
in last 7d

Tether [on Polygon] USDT

$ 1.000135
0.0214%
in last 7d

USD Coin [on BNB] USDC

$ 0.999858
-0.002%
in last 7d

USD Coin [on Polygon] USDC

$ 0.999858
-0.002%
in last 7d

USD Coin [on Optimism] USDC

$ 0.999858
-0.002%
in last 7d

USD Coin [on Ethereum] USDC

$ 0.999858
-0.002%
in last 7d

Tether [on Ethereum] USDT

$ 1.000135
0.0214%
in last 7d

USD Coin [on Avalanche] USDC

$ 0.999858
-0.002%
in last 7d

Tether [on BNB] USDT

$ 1.000135
0.0214%
in last 7d

Tether [on Solana] USDT

$ 1.000135
0.0214%
in last 7d

USD Coin [on Solana] USDC

$ 0.999858
-0.002%
in last 7d
USDC
USDT

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