Stablecoin Supply Exceeds 1% of U.S. Money Supply in Q4 2024

Quick Summary:

The total supply of dollar-backed stablecoins has surpassed 1% of the U.S.money supply, reaching $192 billion in circulation by Q4 2024, according to former Messari analyst Ryan Watkins.

If this trend continues, stablecoins could reshape traditional finance and digital transactions.

The stablecoin market has hit a historic milestone, exceeding 1% of the U.S.money supply with $192 billion in circulation.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: Crypto News Stablecoin Stablecoin supply exceeds 1% of U.S. money supply

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 10:40:45 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25692809

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