The stablecoin supply on Ethereum has reached an unprecedented $168 billion, marking a significant milestone for the blockchain network. This surge comes as the Polkadot DAO successfully passed Referendum 1710, which proposes capping the $DOT supply at 2.1 billion tokens, receiving 81% support from the community.
In other developments, Native Markets has secured the USDH stablecoin ticker from Hyperliquid and plans to deploy USDH HIP-1 and an ERC-20 token soon. Meanwhile, Pakistan is inviting global crypto firms to operate legally under its new national licensing regime, signaling a shift towards regulatory acceptance.
Additionally, Capital Group has reportedly transformed a $1 billion investment into over $6 billion through Bitcoin treasuries, while Michael Saylor hints at another Bitcoin purchase. Coinbase's CEO reiterated that asset listings on the platform are free and based on merit, ensuring a consistent evaluation standard.
Ethereum Stablecoin Supply Hits Record $168B Amid Polkadot DAO's Supply Cap Approval
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