Stablecoin market cap increases by $100M every single day

[Lenipiw]

DeFi yields and interest rates are clearly a vacuum sucking in a lot of stablecoins,’ says Coin Metrics’ Nic Carter.
The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins.

According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, and USDT_TRX has been increasing by roughly $100 million daily for almost two months.
Visit Here: https://cointelegraph.com/news/stablecoin-market-cap-increases-by-100m-every-single-day

[highnayem34]

Everyone got so excited about DeFi no one pointed out that stablecoins have been adding $100m/day since mid-July,” said Carter. “DeFi yields/interest rates are clearly a vacuum sucking in a lot of stablecoins.”