20h ago
Markets are down, but fiat continues to pour onchain to be transformed into programmable money. In the past 30 days alone, Tether (+7%), Circle (+4%), and PayPal (+111%) added another $10.6B to circulating supply.
Users are increasingly pursuing native DeFi yield, even in the most vanilla forms (e.g. borrow/lend, vaults), which vastly outperform traditional savings accounts.
One under-indexed angle is that stablecoins are expanding far beyond legacy rails and issuance. M^0 has surged 82% and is quickly approaching $1B in circulation.
While traditional liquidity tightens, onchain money markets are accelerating, finding novel ways to put otherwise idle fiat to work.
h/t @RWA_xyz
6.83K
4
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.