Stablecoin supply on Sui has risen by over 10%, reaching $538 million.
Crypto Briefing reported that this increase came amid a broader market contraction. Stablecoin supply is commonly used as an indicator of the amount of capital on-chain, and the rise in this metric for Sui means that the stock of stablecoins on the network is growing.
· The source only provides the change in supply and does not specify which stablecoins contributed to the increase or which addresses drove it.
· The source does not elaborate on how the overall market contraction was measured or its magnitude.
Which do you pay more attention to: stablecoin supply or the number of on-chain transfers?
$SUI
Crypto Briefing reported that this increase came amid a broader market contraction. Stablecoin supply is commonly used as an indicator of the amount of capital on-chain, and the rise in this metric for Sui means that the stock of stablecoins on the network is growing.
· The source only provides the change in supply and does not specify which stablecoins contributed to the increase or which addresses drove it.
· The source does not elaborate on how the overall market contraction was measured or its magnitude.
Which do you pay more attention to: stablecoin supply or the number of on-chain transfers?
$SUI
