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Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: sirty143 on February 15, 2024, 05:40:02 AM

Title: Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply
Post by: sirty143 on February 15, 2024, 05:40:02 AM

Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth

Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively. See more for yourself here (https://news.bitcoin.com/stablecoin-sector-swells-by-1-7-billion-in-february-usdc-and-fdusd-lead-supply-growth/).

Your opinion is greatly appreciated.

Title: Re: Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply
Post by: Yamane_Keto on February 15, 2024, 06:16:17 PM

I can understand the reason for the increased growth of USDC because the coinbase relied on ETFs, which means more trust in coinbase, but the reason for the growth of FDUSD may be because it is in the beginning and it is supported by Binance.

Since these coins are printed at a ratio of 1:1, and with an increase in supply, they are burned, it is a reflection of the increase in demand in the current period, and the trading volumes for stablecoins mean trust in them and not a real increase.

Title: Re: Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply
Post by: MUGNIA on February 18, 2024, 10:02:41 PM

actually it's not that bad, isn't it, with this increase, the injection of liquidity can increase overall fluidity for crypto,
as quoted by the author