With Bitcoin rising up the valuation ladder in 2021, there has been aggressive demand for stablecoins since the first of January. In fact, the collective market cap of all stablecoins, at the time of writing, amounted to ~$33.5 billion, after the supply added $4 billion in the past 12 days alone.

Source: Coinmetrics

CoinMetrics‘ data suggested that Tether was responsible for the issuance of over $2 billion of the supply, with USDC supply adding another $500 million worth of assets. With…

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