The action comes as the circulation of Maker’s dollar-pegged stablecoin has shrunk by a third from $6.9 billion in a year, according to Dai Stats. The broader stablecoin market, a key infrastructure and source of liquidity in the crypto ecosystem for trading and transactions, is in a downtrend, sinking to $127 billion from nearly $160 billion a year ago.
Related posts
-
NFT Fever Cools: Ethereum and Bitcoin NFT Sales Dive Amid Broader Crypto Growth
Non-fungible token (NFT) sales cooled off this week, slipping 9.3% compared to the prior period, even... -
ADA Sights More Growth After Breaking $0.8119
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria.... -
Hashrate Growth Aligns With Rising Search Interest
Este artículo también está disponible en español. Dogecoin (DOGE) is once again in the spotlight, drawing...