Ethereum stablecoin market adds $17bn. Here’s what’s driving the growth

•

•

Osato Avan-Nomayo

•

Mentions

People	Ben Reynolds, Christian Catalini
Organizations	Circle, Tether, Ethena, Binance, Coinbase, Keyrock, Bitso, Stripe, Bitgo, Meta

Target	Sentiment	Comment
USDCUSDC	Bullish	USDC added $9.4 billion to its supply in August, boosting its position as the dominant DeFi stablecoin.
EthereumETH	Bullish	Ethereum's stablecoin supply increased by 13%, outpacing its rivals.
Circle	Bullish	Circle's USDC led stablecoin growth and plans to create its own stablecoin blockchain.
Stripe	Bearish	Christian Catalini believes private stablecoin blockchains like Stripe's are 'doomed to fail'.