SEI's stablecoin supply has increased by $7 million over the past two weeks, reaching a total of $85.54 million. This growth coincides with a significant surge in transaction volume, which has multiplied 4.7 times in just three days, escalating from $70–80 million to over $320 million. The stablecoin's inclusion in the Coinbase 50 index with a 0.06% weight and its exposure through CoinShares ETFs have contributed to its rising prominence. Additionally, new partnerships with Allora and a 30-day uptick in USDT have further bolstered its momentum.
SEI Stablecoin Supply Increases by $7M, Transfer Volume Quadruples
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