According to Odaily, data from Token Terminal reveals that the monthly transfer volume of stablecoins surged to a record-breaking $1.68 trillion in April. This figure represents a significant increase, over 16 times the $100 billion recorded in October 2020. The substantial growth in the transfer volume of stablecoins indicates a growing interest and trust in these digital assets. Stablecoins, which are cryptocurrencies designed to minimize volatility by being pegged to a reserve asset, have become increasingly popular in the digital currency market. The record-breaking transfer volume suggests that more people are using stablecoins for transactions, reflecting their growing acceptance in the digital currency market.
Stablecoin Monthly Transfer Volume Hits Record High
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