According to data from The Block Pro, reported by Jinse Finance, the stablecoin on-chain transaction volume increased by 23.7% after the April adjustment, reaching a historical high of $1.1 trillion; the supply of stablecoins issued has also increased by 2.8% to reach $141.2 billion, with the market share of the US dollar stablecoin USDT increasing to 77.83%, while the market share of USDC has slightly decreased to 18.1%. However, the total on-chain transaction volume of Bitcoin and Ethereum after the April adjustment decreased by 30.5% to reach $408 billion, with the on-chain transaction volume of Bitcoin dropping by 30.85% and the on-chain transaction volume of Ethereum dropping by 30.2%.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Stablecoin transaction volume rose to $1.1 trillion in April, a record high
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
BTC breaks through $104,000
the market showed that BTC broke through $104,000, now reporting $104,000.01, with a 24-hour increase of 4.76%. The market is volatile, please manage risks. -
BTC breaks through $103,000
the market shows BTC has broken through $103,000, now trading at $103,000.02, with a 24-hour increase of 5.37%. The market is volatile, please manage your risks. -
Spot gold fell by $7 in the short term and is now trading at $3,355 per ounce
spot gold fell $7 in the short term, now at $3355 per ounce. -
BTC breaks through $98,500
market showed that BTC broke through $98,500 and is now trading at $98,513.87, with a 24-hour increase of 1.67%. The market is volatile, so please be prepared for risk control. -
BTC falls below $97,000
the market shows BTC has fallen below $97,000, now trading at $96,986.27, with a 24-hour increase of 2.93%. The market is volatile, please manage risks properly. -
Spot gold continues to fall
spot gold continues to decline, with the decline expanding to 2%, at $3315.49 per ounce. -
BTC breaks through $93,500
the market shows BTC has broken through $93,500, now trading at $93,506.58, with a 24-hour increase of 6.12%. The market is fluctuating greatly, please manage your risks. -
Bitcoin's market share once rose to 64.67%, but now fell back to 64.30%
On April 23rd, data, the Bitcoin dominance (BTC.D) briefly rose to 64.67% this morning, reaching a new high since February 2021, and is currently back at 64.30%. The high Bitcoin dominance indicates the quietness of the altcoin market, but it may also suggest that a bottom reversal is imminent. Based on historical data, when Bitcoin dominance surged above 60% in November last year, altcoins started a small bull market. In 2019 and 2021, Bitcoin dominance reached highs above 70%, followed by a broad and spectacular uptrend. -
Hong Kong Legislative Council Member Tam Yue-heng: Accelerate the issuance and trading of stablecoins that match the characteristics of the linked exchange rate system
Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and the Legislative Council, published an article entitled "Consolidating the Status of Financial Center and Sharing the Dividend of Deepening Reform". In it, he pointed out that in the field of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, explore new beneficial financial formats, and promote the new productive forces of the financial industry. Hong Kong must promote the participation of financial technology companies in the stable coin sandbox mechanism, accelerate the issuance and trading of stable coins with the characteristics of matching linked exchange rate system, expand the testing scope and landing scenarios of digital RMB as a cross-border payment tool, and focus on developing products that are linked to virtual assets and underlying real assets, transforming art, real estate, equity, and carbon emissions into digital tokens through blockchain technology. -
Stablecoin minting protocol M^0 completes $35 million Series A financing, led by Bain Capital
Stablecoin minting protocol M^0 completed a Series A financing round of $35 million, led by Bain Capital with participation from Galaxy Ventures, Wintermute Ventures, and GSR. Previously, M^0 raised $22.5 million in seed funding led by Pantera Capital in early 2023.
Daily Must-Read
-
IRS' Crypto Leads Are Leaving the Agency After Accepting DOGE Deals
-
Paul Atkins, nominated by Trump, has been sworn in as SEC chair
-
Ethereum crashed in Q1. Could May’s Pectra upgrade bring it back?
-
Contrarian Take: How Stablecoins' Disruption of Money Creation Stands in its way to Mass Adoption
-
Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
-
Time to move on: CT breakup guide
All Comments