TREE NEWS reports: Plasma’s stablecoin supply has nearly doubled since July to $1.41 billion, its highest level since mid-February, after a year of sustained declines. The figure remains well below the chain’s $5.2 billion peak around its listing, but the data suggests competition among stablecoin-focused chains is not settled.
Plasma Stablecoin Supply Nearly Doubles to $1.41B Since July
AI take
The rebound matters less for its size than for what it says about stablecoin-focused chains: the contest is not settled, and a network written off after a long decline can still regain deposits. Plasma's supply still sits far below its listing-era peak, so this reads as a partial recovery rather than a reversal of the broader trend. The open question is whether the growth reflects durable usage or a temporary rotation among chains chasing the same stablecoin liquidity.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
37m ago
Bitcoin Short-Term Holder Cost Basis Climbs to $76K, Testing Conviction
40m ago
Whale Withdraws 44,144 COMP Worth Nearly $900K From Bybit
45m ago
HSBC to set up global AI research institute in Hong Kong in early 2027
48m ago
Binance Restores ETH and BNB Smart Chain Withdrawals
1h ago
Polymarket Odds of GPT Astra 6.1+ Release by Nov 15 Rise to 44%
1h ago
Binance Withdrawals Running Smoothly, Yi He Says, Warns of Possible Congestion