Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deployment

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Avalanche saw a significant surge in stablecoin supply over the past year, but the onchain deployment of this capital points to passive investor behavior, which may be limiting demand for the network's utility token.The stablecoin supply on the Avalanche network rose by over 70% over the past ...

Written by: Zoltan Vardai

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https://cointelegraph.com/news/avalanche-stablecoin-surge-fails-to-boost-avax-price

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