Circle Internet Financial's stablecoin has surpassed Tether in transaction volume, with USDC at $455.51 billion last week, while USDT had $88.52 billion. Stablecoin supply is consolidating, with major coins up 18% and others down over 50% from a year ago. The stablecoin market cap reached a record $160 billion in Q1, with various metrics showing growth and adoption, including active addresses, transactions, and institutional inflows.
Total Stablecoin Cumulative Metrics (since January 2023) #Solana gains on #Tron $TRX - $4.983 trillion $USDT $SOL - $4.663 trillion $USDC Will be watching as we move into May. https://t.co/Cge7kd3WMQ
Stable Coins are CBDCs - lets look at the stats: Tether $USDT @Tether_to Marketcap: $110,481,278,970 Dec 2023 : $97,020,394,556 in US short term treasuries, reverse repo agreements, Bitcoin, cash. 2024 minted $13b currently unaudited. https://t.co/u3swJ4d516
β@Aptos supply of stablecoins has nearly doubled YTD from $50M to $100M. Stablecoin supply dominance as % of total TVL has declined by 13% to 27%, meaning TVL is becoming more diversified in a growing stablecoin ecosystem.β β @ournetwork | @Re7Capital Chart via: @DefiLlama https://t.co/l4iIGkCSTL
State of @safe Key Update: Safe witnessed an all-time high in most usage metrics in Q1β24. QoQ Metrics π - Active accounts β¬οΈ 181% QoQ to 1.6M - New accounts β¬οΈ 124% in Q1'24 Read the full report from @tech_metrics and @bloomberg_seth π https://t.co/z2MRJcGh0D https://t.co/okjY48nZSQ
Another fantastic stablecoin dashboard. Great to see this data becoming more accessible and the increased awareness on stablecoin activity https://t.co/HcRVIzSv1l
π¨ Announcing the Stablecoins Dashboard π¨ Today we're launching the most comprehensive view into crypto's biggest real world use case. Check out the most notable institutional and asset-backed stablecoins π§΅π https://t.co/0D7xaPOZ8U
Don't let Jeo Boden shake your confidence. Q1 brought us: + Record stablecoin market cap ($160b) + Record developer library downloads (25m) + Record active addresses & txns (scaling works) + Record mobile wallet uses (27m, UX is crushing) + Record institutional inflows (ETFs) https://t.co/FYUfJzwp4G
Don't let Jeo Boden shake your confidence. Q1 brought us: + Record stablecoin market cap ($160b) + Record developer library downloads (25m + Record active addresses & txns (scaling works) + Record mobile wallet uses (27m, UX is crushing) + Record institutional inflows (ETFs) https://t.co/zjSklpFfm3
State of @Covalent_HQ Q1 πΎ Key Update: Building the Ethereum Wayback Machine, a long-term data availability solution. QoQ Metrics π - Staked CQT β¬οΈ to 29% of supply - Operator rewards β¬οΈ 35% - CQT price β¬οΈ 27% Read the full report π https://t.co/JDcmeFXuVl https://t.co/aCgr8VhTVH
Stablecoins are blockchain's first killer app. π€Ί The past two weeks have been HUGE for stablecoins. π These three stories could have deep implications for the future of the blockchain industry. π (BTW, stablecoin daily active addresses are already at all time highs!) https://t.co/O5OInF59WE
As Q2 unfolds, don't miss the insights that shaped the start of the year! Dive into our Q1 OnChain Report for a comprehensive look at the trends and transformations defining the blockchain landscape. Get the full report π https://t.co/FPL3F4s2od
According to Visa, $USDC recorded a remarkable $455.51 billion in transaction volume last week. In contrast, $USDT registered only $88.52 billion.
Stablecoin supply is becoming much much more concentrated Majors (USDT/USDC) are up 18% from a year ago All others down over 50% https://t.co/xLCjfI9US5
Circle Internet Financialβs stablecoin has this year overtaken Tetherβs as the market leader in transaction volume, according to data compiled by Visa https://t.co/hxkZie1VZY