April stablecoin trading volume rises to a record high of $1.10 trillion

According to The Block Pro data, the adjusted stablecoin on-chain transaction volume rose 23.7% in April, rising to $1.10 trillion, a record high%; the scale of issued stablecoin supply increased, rising 2.8% to $141.20 billion, of which the market share of the US dollar stablecoin USDT increased to 77.83%, while the market share of USDC decreased slightly to 18.1%. However, in April, the total transaction volume of Bitcoin and Ethereum on-chain after adjustment fell 30.5% to $408 billion. Among them, the transaction volume of Bitcoin on-chain after adjustment fell 30.85%, and the transaction volume of Ethereum on-chain fell 30.2%.