The stablecoin market experienced significant growth, surging $2.25 billion to reach $322 billion, despite a broader crypto market contraction. USDC saw a substantial supply increase, while USDT maintained its market share. Yield-bearing stablecoins contributed notably to this growth, with transaction activity hitting an all-time high.
The Ethereum Korea Consortium launched on April 16 to shift South Korea's Ethereum focus from consumption to contributions, addressing challenges like market structure and regulatory issues. The initiative aims to enhance development and create a supportive ecosystem.