Stablecoin supply up $5.4bn after US election
The supply of the two major stablecoins, Tether (USDT) and Circle (USDC), has increased by $5.4 billion in a week since the US elections. Analysts say the increase reflects rising investor demand for crypto assets. The data shows that both USDT and USDC had record supply on different networks, indicating a diversification in the demand for stablecoins.
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