Data: Stablecoin transaction volume exceeded US$90 billion in the first quarter of 2020

According to BlockBeats, the trading volume of stable assets has seen a significant increase since the beginning of 2020, with trading volume exceeding US$90 billion for the first time in the first quarter.

According to Block research, in the first quarter of 2020, the transaction volume of stablecoins increased by 8% from the previous quarter, exceeding $90 billion for the first time. According to Rhythm, the total transaction volume of stablecoins last year was $250 billion, while PayPal was $712 billion. It is worth noting that this growth comes not only from transaction activities, but also from the on-chain value flow from one address to another.

Among the trading volumes of other various trading pairs in the first quarter of 2020, USDT-ETH trading volume accounted for 62% of all trading volume. At the same time, DAI and USDC increased by 344% and 54% respectively.

Original address: https://www.theblockcrypto.com/linked/60216/