During May, the wealth management platform YIELD App, saw net deposits of Tether (USDT) increase 15.5%, while net deposits of USD Coin (USDC) more than doubled, increasing 155.5%, compared to April.
This upward trend proved similar across the industry with the total stablecoin supply crossing $105 billion, while the number of addresses metric suggests their user base in DeFi is flourishing, data shows.
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