SharpLink: Over Half of Stablecoin Supply Exists on Ethereum, Bullish for ETH

According to a report by Jinse Finance, SharpLink stated that stablecoins are one of the greatest financial revolutions and the clearest use case for blockchain. U.S. Treasury Secretary Scott Bassett believes that by 2030, the supply of stablecoins will soar from the current $250 billion to a market value of $3.7 trillion. Currently, over half of the supply already exists on Ethereum. A growing stablecoin base = more demand for Ethereum block space. This is positive news for Ethereum and bullish for ETH.