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

[sirty143]

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.

Your opinion is greatly appreciated.

[Yamane_Keto]

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.

[MUGNIA]

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