Stablecoin development & user traction entered a new era of growth across the @Ethereum & @Celo ecosystem following Ethereum's 10-year mainnet anniversary last week! 💱 🧵 Stable Mag is back on your feed for issue #9, recapping the latest updates over the past two weeks ↓
3/ The Latest on Celo: → Monthly @tether USDT senders on Celo increase by 50% since April → @daimopay goes live within @minipay, enabling users to seamlessly purchase their @EFDevcon tickets w/ stables → @StabilaFnd introduces Dual Step Rewards on @aave, providing 11.1%+ bonus APY for supplying & borrowing USDT → @BandoCool launches in the Philippines via @MiniPay → @CeloDevs partners w/ @MentoLabs for Proof of Ship 6, driving 45 projects to build FX platforms, decentralized remittance protocols, stablecoin savings applications & more → @PretiumApp expands support for users in Ethiopia → @eco launches support for stablecoin transfers between Celo & @Ethereum, @Optimism & 7 additional chains
Token Terminal 📊
Token Terminal 📊6.8. klo 21.47
ICYMI: Monthly USDT senders on @Celo have gone up by ~50% since April.
4/ The Latest on @Ethereum & Beyond: → Ethereum ecosystem stablecoin increased $9.23B last month, up 6.4% from June (source: @growthepie_eth) → @hyperlane Warp Routes 2.0 launch, enabling seamless USDC bridging across Ethereum, @Optimism, @Unichain & more → 40% of all blockchain fees across 9 networks, including Ethereum & Optimism, are paid to spend @Tether_to USDT (source: @paoloardoino) → @ViFi_Labs acquires stablecoin & cryptocurrency gateaway @0xOneRamp → @PayPal's PYUSD transfer volume on @ethereum grew from $2.7b to $10.7b YoY (source: @growthepie_eth) → Stablecoin active addresses reach a new all-time high, surpassing 40M in July (source: @artemis)
growthepie 🥧📏
growthepie 🥧📏4.8. klo 23.20
🥧 Ethereum Stablecoins - Increasing by the Billion Increase since last month 🔹 Ethereum Mainnet: +$7.95 Billion (+6.1%) 🔸 Layer 2s: +$1.28 Billion (+10.2%) 🔹 Ethereum Ecosystem: +$9,23 Billion (+6.4%)
6/ With constantly evolving energy & commitment, the @Ethereum & @Celo stablecoin ecosystem continues making strides forward... this is just the beginning! Stable Mag issue #10 will be back in two weeks, follow along for real-time updates until then 👋
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