👌👌Tether (USDT) Sees Significant Supply Increase with $1 Billion Inflow into Stablecoin Market 👌👌

The stablecoin economy has seen significant capital inflows over the past week. The market caps of different stablecoins have both increased and decreased, indicating a dynamic market environment. While the supply of Tether (USDT) has increased by 1.5% in the past month, Ethena’s USDE has seen a significant decrease of 14.7% since August 21.

The total market cap of stablecoins has increased from $172.19 billion to $173.23 billion in six days. This growth has been supported by significant increases in the supply of leading stablecoins such as Tether (USDT), Circle’s USDC, and DAI. Tether has increased its supply by 1.5%, adding $380 million since mid-September. Circle’s USDC has also grown by 2.9%, with a $130 million increase in the past six days. In addition, DAI’s supply has increased by 3.2%, marking a $190 million growth since mid-September.

First Digital’s FDUSD has increased by 11% in market value as of the end of September, reaching $2.94 billion. This increase reflects rising investor confidence and adoption. Smaller stablecoins GHO and DEUSD have also seen notable percentage gains, with GHO up 26% in the past month and DEUSD up 16.6%, thus increasing the diversity of the stablecoin range.

Contrary to broader market trends, Ethena’s USDE has seen a significant 14.7% decline since the end of August, with $80 million withdrawn from supply in the past six days. This sharp decline stands out in the generally bullish stablecoin environment. Understanding the reasons behind such a decline can provide a deeper understanding of market dynamics and investor behavior.

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