According to Odaily, recent data from Token Terminal reveals that Circle has been transferring approximately $100 billion worth of stablecoins weekly on the Base chain over the past two months. This significant movement highlights the growing activity and reliance on the Base chain for stablecoin transactions.
The consistent transfer of such a substantial amount underscores the importance of stablecoins in the current digital economy, providing liquidity and stability in the volatile cryptocurrency market. Circle's operations on the Base chain reflect a strategic approach to leverage blockchain technology for efficient and secure financial transactions. As the digital currency landscape evolves, the role of stablecoins continues to expand, offering a bridge between traditional finance and the burgeoning world of cryptocurrencies.