Algorand stablecoin market cap grows 27.4% quarter-on-quarter to $60.5 million
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Algorand stablecoin market cap grew by 27.4% in the fourth quarter, reaching $60.5 million, mainly driven by Coinify's integration of USDC on November 20. Meanwhile, the xGov mainnet provided funding support for nine infrastructure projects, total staked ALGO increased by 2.5% to 2 billion, and circulating market cap fell by 46.7% to $974.2 million. (Messari)
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