
Ethereum stablecoin market surges with USDC and USDT generating $850 billion in revenue
The Block’s Data and Insights newsletter revealed that Ethereum continued to be the blockchain of choice for stablecoin activity. On-chain data also showed that Ethereum hosted $35 billion in USDC stablecoins and $67 billion in USDT. Dune Analytics acknowledges that the stablecoin ecosystem will experience significant expansion in 2024, with total supply increasing by 63%…