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via finance.yahoo.comTech & AI

Stablecoin transfers hit $891 billion, a fourfold jump since 2023

FROM THE WIRE · FINANCE.YAHOO.COM

Scott Melker discusses stablecoin transfer volume hitting $891 billion in the third quarter, a roughly fourfold jump since 2023. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe sharp rise in stablecoin transfer volume signals growing use of crypto infrastructure, with potential interest for related digital assets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Stablecoin transfers reached $891 billion in the third quarter.
  2. 02The figure, per Coinbase and Block Pro Research, is about four times higher than in 2023.
  3. 03The stablecoin market cap did not increase by the same extent.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Coinbase Global, Inc.COINStock177.08 USDMarket closedtoday +3.65%Neutral BitcoinBTCUSDCrypto84,619.93 USD+0.18%today +2.02%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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