Stablecoin supply grew by nearly 400% in 2021 - The Block Research
Hassan Maishera - Cryptowisser
The Block Research's 2022 Digital Asset Outlook report has revealed that stablecoin supply surged by 388% since the start of 2021. At the start of the year, stablecoins were worth around $29 billion but saw a huge increase in supply to end 2021 around $140 billion.
The report highlighted that the decentralized finance (DeFi) space and derivative trading were the major reasons behind the growth of stablecoins in 2021.
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