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2020-04-17 08:13

Market Wrap: Ether Making Big Gains as Stablecoins Proliferate on Ethereum


There has been an increase in the number of stablecoins issued over the past month, mainly on the Ethereum network. That popularity may also be lifting ether on Thursday. Ether (ETH) prices have climbed 8.4 percent over the last 24 hours, according to CoinDesk price data as of 20:10 UTC (4:10 PM EDT )on Thursday. Total supply of the top five fiat-backed stablecoins has increased by over 25 percent, primarily led by U.S. dollar-pegged tether (USDT) on the Ethereum network, with over $1.5 billion in issuance since March 12.?? USDT, USDC, PAX and BUSD are all issued on Ethereum, although

The post Market Wrap: Ether Making Big Gains as Stablecoins Proliferate on Ethereum appeared first on One Crypto News.



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