Study: stablecoin supply has reached $140B+, up 388% in 2021 from $29B at the start of the year, driven by DeFi and derivatives markets (Frank Chaparr

[Techmeme]

Frank Chaparro / The Block:
Study: stablecoin supply has reached $140B+, up 388% in 2021 from $29B at the start of the year, driven by DeFi and derivatives markets — The market for stablecoins experienced breakneck growth in 2021, with the supply for dollar-backed cryptocurrencies surging by 388%, according to data compiled by The Block Research.