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 Chaparro/The Block)

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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.

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