Odaily News According to a research report by OurNetwork, the global stablecoin supply is down 2.7% from its peak on August 30, but it is expected to recover as the US election approaches and cryptocurrency prices rise. The report notes that the relatively low stablecoin supply in the past 60 days is related to "a drop in PayPal's PYUSD supply after multiple Solana DeFi protocols launched liquidity incentives associated with it." The report added that at its peak, "the annual interest rate for borrowing PYUSD on Kamino Finance was close to 20%, but now it is only 7.9%." In addition, the supply of stablecoins pegged to the euro is growing, with Circle's EURC supply "growing by more than 40% in the past month." Base has been the main network to benefit, with the value of EURC on the chain growing from $22 million to $48 million. (Crowdfund Insider)