Stablecoin transaction volume rose to $1.1 trillion in April, a record high

According to data from The Block Pro, reported by Jinse Finance, the stablecoin on-chain transaction volume increased by 23.7% after the April adjustment, reaching a historical high of $1.1 trillion; the supply of stablecoins issued has also increased by 2.8% to reach $141.2 billion, with the market share of the US dollar stablecoin USDT increasing to 77.83%, while the market share of USDC has slightly decreased to 18.1%. However, the total on-chain transaction volume of Bitcoin and Ethereum after the April adjustment decreased by 30.5% to reach $408 billion, with the on-chain transaction volume of Bitcoin dropping by 30.85% and the on-chain transaction volume of Ethereum dropping by 30.2%.