Gate News reported on March 27 that, according to Ember monitoring, the supply of the USD1 stablecoin has increased from $3.3 billion to $4.4 billion since the start of certain CEX-related activities at the end of January, an increase of $1.1 billion. The main growth came from the Solana chain, where its supply increased from $160 million to $880 million, an increase of $720 million. The remaining $380 million increase is distributed across the BNB Chain and the Ethereum network. Currently, USD1 is mainly distributed across the three aforementioned blockchains.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Foundation Partners Triton One to Redesign Onchain Data Layer as SOL Gains 3%
The Solana Foundation is collaborating with Triton One to enhance its on-chain data access layer, improving scalability and data retrieval. The redesign features two core modules: Accounts for adaptive indexing and Ledger for efficient historical data management. SOL is currently trading around $84.
GateNews38m ago
Fed Chair Nominee Kevin Warsh Discloses Crypto Investments Including Compound, Solana, and Ethereum L2s
Kevin Warsh, nominee for Federal Reserve Chair, has disclosed early-stage investments in various crypto infrastructure projects, including DeFi and layer-2 networks. His portfolio, small and illiquid, suggests indirect venture capital exposure rather than direct trading assets.
GateNews5h ago