Stablecoin market value returns to above $200 billion
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Odaily Odaily News: The total market value of stablecoins has returned to $200 billion, up 13% from last month. Analysts said the growth in the market value of stablecoins may be driven by investors seeking on-chain lending rates, as on-chain lending rates have exceeded those of traditional finance. Analysts also pointed out that the continued strength of Bitcoin and other cryptocurrencies has driven significant growth in on-chain activities in various fields, including decentralized exchange (DEX) trading volume, lending activities, and the growth of stablecoins. (The Block)
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