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ARK Invest's Valente says stablecoin-holding addresses pass 300m for first time

NewsFeeds update

Lorenzo Valente, ARK Invest's director of digital asset research, says stablecoin-holding addresses have passed 300m for the first time, with Ethereum ecosystem addresses at 37% versus 29% two years ago and about three-quarters of those on L2s. He says EVM-compatible chains hold about 94% of stablecoin addresses and expects 1bn wallets within 18 months.

StablecoinsChainCatcherAIBullish

Read the original on ChainCatcher

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.