Taurus highlighted that the total supply of dollar-backed stablecoins has exceeded $250 billion, marking a 1,200% increase since 2020

Quotes that support claims

the total supply of dollar-backed stablecoins has surged past $250 billion, a 12x increase since 2020

Moreover, Taurus noted that stablecoin supply has surpassed $250 billion with a 1,200% increase since 2020.