PANews reported on March 19th that the on-chain volume of stablecoins has maintained strong momentum, with an average monthly volume of about $800 billion over the past four months. The number of Addresses transferring stablecoins is also steadily rising, with a single-day Address count reaching 600,000 in the past week. USDC and USDT remain the leaders in this field, accounting for $740 billion of the $850 billion total volume in February. Ethereum is still the preferred blockchain for stablecoin activities, hosting $35 billion of USDC and $67 billion of USDT. Despite the emergence of various alternative blockchains, this dominant position highlights Ethereum’s role as the primary settlement layer for digital dollar transactions.
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