Ethereum stablecoin issuance hits record high of $84 billion

According to the latest data, the total issuance of stablecoins on Ethereum has reached 84 billion US dollars, a record high. Stablecoins on Ethereum are fiat currencies used in blockchain networks. They are usually pegged to fiat currencies, audited by third parties, and have real US dollars as reserves or complex algorithms to guarantee their prices. According to the issuance volume, the top three Ethereum stablecoins are:

1. USDT: USD 33,863,591,465, accounting for 40.31% of the total issuance;

2. USDC: USD 26,712,454,611, accounting for 31.80% of the total issuance;

3. BUSD: USD 12,765,463,748, accounting for 15.20% of the total issuance.