The issuance of well-known stablecoins has surpassed 23 billion USD, setting a new historical high.

Recent data shows that the issuance of a well-known stablecoin has once again surged, reaching a new milestone. This Digital Money, pegged to the US dollar, has recently issued over 36 million coins, making its total issuance surpass the 23 billion USD mark for the first time, setting a historical record.

As of now, the total issuance of this stablecoin has reached approximately $2.3 billion 1075 million. It is worth noting that in the past 24 hours, the transfer amount has reached about $5.9 billion 4412 million, showing high liquidity and usage frequency.

As an important component of the blockchain ecosystem, stablecoins are often regarded as the "fiat currency" in the digital world. They are designed to maintain price stability, typically keeping a fixed exchange rate of 1:1 with fiat currencies such as the US dollar. To uphold this stability, stablecoin issuers usually adopt two main strategies: one is to hold an equivalent reserve of fiat currency as backing and undergo third-party audits to enhance transparency; the other is to utilize complex algorithmic mechanisms to adjust supply and demand, thereby maintaining the stability of the coin value.

The significant increase in the issuance of stablecoins this time reflects the market's ongoing demand for stable and reliable digital payment methods. In the context of high volatility in the cryptocurrency market, stablecoins provide users with a relatively safe means of value storage and transaction medium, which helps to promote the circulation of digital assets and the expansion of application scenarios.