Stablecoin supply tops $11 billion after rising 94% since February

[Tanimariya]

The supply of dollar-collateralized stablecoins has grown by 94% in the past four months of 2020, from $5.7 billion in February to $11 billion in June.
The stablecoin market has added a hefty 94% to its total supply in the last four months, rising from $5.7 billion in February to $11 billion in June.

According to research from The Block, dollar-collateralized stablecoins are experiencing something of a renaissance as demand skyrockets this year. In 2020, the stablecoin market expanded almost twice as much as it did over the last three years.
Read more info: https://decrypt.co/32357/stablecoin-supply-tops-11-billion-after-rising-94-since-february

[jonathancool220]

That means it only takes about 5 months to be able to make so much money and reach an increase in volume of USDT up to 94%. Perfect!

I think altcoins traders are more concerned with HodL stable coins than chaotic and worthless altcoins.
Then when the market has given a 30% sign up then they are looking for altcoins that will definitely go up in price and this is my own experience.

[wawan96]

has been proven now stable coin usdt been in enthused by investors around the world to shift the volume ripple now usdt have risen in position 3 coinmarketap in 2020 is a good start for stablecoin to rule out ethereum ranked 2nd if investors are more then this will quickly beat ethereum in ranked 2nd coinmarketcap.

[Alcor]

has been proven now stable coin usdt been in enthused by investors around the world to shift the volume ripple now usdt have risen in position 3 coinmarketap in 2020 is a good start for stablecoin to rule out ethereum ranked 2nd if investors are more then this will quickly beat ethereum in ranked 2nd coinmarketcap.

Even if several stable coins take prizes in the CoinMarketCap table, it will practically not matter for a decentralized cryptocurrency. On the contrary, it will be much easier for participants in the cryptocurrency market to work with cryptocurrency. Stable coins cannot bring profit to their owners, they are used as a means of payment and as a buffer between conventional types of currencies and cryptocurrency.

[IyemRoker]

94% is a very large value and it is very capable of boosting the supply value of stable coins.

In a business perspective, the 1% increase is profit and 1% is a big value.
If we see a steady rise in coins in the supply of 94% then that is a very extraordinary value and I am sure all of these investors are enthusiastic about stable coins.