The supply of TrueUSD (TUSD), a stablecoin pegged to the US dollar, has jumped by 110% in recent weeks, while other stablecoins have experienced reductions in their supply. The article notes that the shift in stablecoin supply is part of a broader trend of increasing adoption and usage of stablecoins, as more businesses and individuals seek to participate in the cryptocurrency market and take advantage of the potential benefits of blockchain technology and stablecoins.

Stablecoins like TUSD are designed to provide users with a more stable and reliable alternative to traditional cryptocurrencies, which can be highly volatile and unpredictable. Stablecoins are pegged to a stable asset, such as the US dollar or gold, and are designed to provide users with a more stable and predictable store of value.

The increasing adoption and usage of stablecoins is a positive development for the cryptocurrency industry, as it helps to provide greater transparency and accountability in the financial system, and can also help to drive adoption and usage of digital assets among businesses and individuals.

(by Jamie Redman)