Stablecoin on-chain transaction volume reached $1.17 trillion in November, with supply reaching a new high

According to Odaily Planet Daily, data disclosed by TheBlock analyst Lars showed that the adjusted on-chain transaction volume of stablecoins reached 1.17 trillion US dollars in November, an increase of 30.7%.

The supply of stablecoins issued increased by 12% to a new high of US$167.2 billion, with USDT and USDC accounting for 79.9% and 17.4% of the market share respectively.