• Stablecoins aw a resurgence of interest following SEC’s lawsuits
• Rise in unique active addresses and weekly senders underlined growing interest in stablecoins

After months of waning interest in stablecoins, there appears to be renewed interest in the stablecoin sector. This, following the growing uncertainty fueled by the Securities and Exchange Commission’s (SEC) lawsuits.

Investors begin to seek stability

An indication of this growing interest can be evidenced by the hike in unique active addresses in stablecoin transactions.

According to CryptoQuant analyst onachained, for instance, these active addresses have been steadily increasing following the SEC’s litigations earlier this week.

Consequently, there has been a significant spike in the number of weekly stablecoin senders. In fact, data from Dune Analytics revealed that the number of weekly senders on the network hit 489,384, at the time of writing.

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Author: Himalay Patel

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