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$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July

Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the economic activity. There’s been a lot of changes in the crypto ecosystem with the recent rush toward decentralized finance (defi) applications, but the stablecoin economy has shined just as brightly. For instance, the overall market valuation of all stablecoins on March 31, 2020 was $5.4…

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