Top stablecoin issuers World Liberty, Ethena Labs and Tether gave new numbers on their issuance increases. Clearer global appetite following regulatory shifts and announcements of new partnerships are leading the charge for increasing the adoption.
Coinbase has announced its addition of newcomer USD1, launched by World Liberty Financial earlier this year yesterday. A day earlier, the issuer backed and run by the Trump family, revealed it had minted another $205 million of USD1 for its treasury.
Ethena also enjoyed a similar success, with Ethena Labs revealing that the team $500 million in revenue since its launch in December of 2023. Recent supply surges mean the stablecoin sits at just under 12 billion, with 670 million minted only in the past week.
Stable, a native blockchain built for scaling USDT issued by Tether, gave a brief overview of the stablecoin’s broader success metrics in the past few months: over 500 million users now utilize USDT from 150 different countries. According to Tether’s tracker, supply sits at $167.1 billion.
