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  2. Cryptocurrency Ecosystem
  3. Stable Coins Forum
  4. total stablecoin supply exceeded $50 billion

total stablecoin supply exceeded $50 billion

charlielee
2022-10-27 10:00:29

According to data available on theblockcrypto.com, the total supply of stablecoins has exceeded $50 billion. Do you think there is an expectation of a bull scenario with this money? Or will there be a bear season that will facilitate the transition to cash? What do you think about the issue, in which direction will 50 billion dollars change the market?

Post Reply  
dianasmith
2022-10-27 10:04:45
As time goes by, this stable coin will undoubtedly continue to be widely used or sought after for the development of altcoins and Bitcoin.
So, it is only natural that stable coins circulating in the cryptocurrency market have increased to 50,000,000 USD because it is certain that altcoins need a stable coin to support prices.
This is in my experience because I wish I had more stbail coins than to HODL junk coins!