Stablecoin supply increased by about $5.4 billion after the US election, and the balance of stablecoins on exchanges reached a yearly high

Odaily News According to TradingView data, the combined supply of USDT and USDC has increased by more than $5 billion in the week since November 5. In the past week, USDT in circulation increased by $3.8 billion, setting a new record of $124 billion; at the same time, USDC supply increased by $1.6 billion to nearly $37 billion. In addition, Nansen on-chain data shows that after the November 5 election, the balance of stablecoins on exchanges jumped from about $36 billion in early November to an annual high of $41 billion. (CoinDesk)