Ethereum Network Celebrates $8B Tokenized US Treasuries Milestone
Token terminal noted that the number of US treasuries doubled within the last 6 months. This underscored a robust growth pace. The same asset type crossed the $1 billion mark in Q4 2024. Stripes Bridge Stablecoin Rolls Out on Ethereum Layer 2 Celo This is yet another noteworthy development for the Ethereum network. The latter has been collecting stablecoins like infinity stones, and this has made it quite powerful in terms of liquidity. Liquidity plays a vital role in boosting network utility. The Bridge stablecoin, owned by payment giant Strike, is the latest addition to the Ethereum networks ecosystem. The data also revealed that Celo has been prioritizing stablecoins, and the strategy was paying off. Preliminary information revealed that the total transactions on the Ethereum layer 2 had already surpassed 1.3 billion. Stablecoin volumes clocked $65 billion by 25 March. Meanwhile, Stripe happens to be one of the biggest payment platforms. Embracing stablecoins may thus boost its reach, especially in the decentralized world. Stripe‘s strategy with the Bridge stablecoin is somewhat similar to PayPal’s strategy with its PYUSD stablecoin. Canadas First Regulated Stablecoin Debuts on Ethereum Bridge was not the only stablecoin making its way into the market through Ethereum this week. Recent reports also revealed that Canada