Summary
- It was reported that the supply of stablecoins in the Ethereum Layer 2 network reached an all-time high of $13.5 billion.
- Matthias Seidel, co-founder of Grosspay, stated that stablecoins are establishing themselves as a killer use case in the Layer 2 ecosystem.
- It was reported that Arbitrum One holds the most stablecoins at $6.75 billion.
The supply of stablecoins locked in the Ethereum (ETH) Layer 2 (L2) network has approached $13.5 billion.
On the 20th (local time), cryptocurrency media Cointelegraph reported, citing data from Tai Terminal, "The current supply of stablecoins such as Tether (USDT), USD Coin (USDC), and EdenaUSD (USDe) on the Ethereum blockchain has reached $13.5 billion, marking an all-time high."
Matthias Seidel, co-founder of Grosspay, explained, "Recently, the supply of stablecoins within Ethereum L2 is increasing. Stablecoins are emerging as a new killer use case in the Layer 2 ecosystem."
According to DeFiLlama data, the Arbitrum One ecosystem holds the most stablecoins at $6.75 billion, followed by the Base Chain at $3.56 billion.
