Global Stablecoin Supply Hits $226.8 Billion on Ethereum, Jupiter Exchange Surges as USDC Outpaces USDT

23 posts • Grok (Beta)

Updated Mar 11, 2025, 09:04 PM

The global supply of stablecoins has reached an all-time high, with the total market cap hitting $226.8 billion. This surge represents a significant increase, with stablecoin supply growing by $3.053 billion in the past week alone. The growth is particularly notable on the Ethereum network, where stablecoins like USDT and USDC increased by $1.3 billion over the same period. Ethereum's total value locked (TVL) surged to $66.3 billion, up 121.6% year-over-year, and Ethereum ETF holdings rose 63.6% quarter-over-quarter to 3.6 million ETH, valued at $11.9 billion in assets under management. This development comes amidst a backdrop of a market slump, yet it indicates that capital remains active within the cryptocurrency ecosystem. The increase in stablecoin supply is seen as a precursor to broader crypto adoption, with experts suggesting that stablecoins are shifting from being primarily used by crypto speculators to serving as a tool for peer-to-peer payment utility. Stablecoins have grown 65.6% year-over-year, reaching approximately $106 billion, while yield-bearing stablecoins now account for 3% of the market. In related news, Jupiter Exchange has surpassed Hyperliquid in 24-hour revenue, marking it as the second highest fee-generating protocol. This shift highlights the competitive dynamics within the DeFi space, where platforms are vying for dominance in transaction volumes and revenue generation. Meanwhile, the stablecoin market share has dropped from 84% to 77% since November, despite improved regulatory clarity, and USDC continues to outpace USDT in growth.

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#Ethereum #USDT #USDC #Ethereum ETF #Jupiter Exchange #Hyperliquid #DeFi

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Sources

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Kyle Chassé / DD🐸

@kyle_chasse

📉 DESPITE IMPROVED REGULATORY CLARITY, STABLECOIN MARKET SHARE HAS DROPPED FROM 84% TO 77% SINCE NOVEMBER. https://t.co/BKMQcTRnmn

DeFi Dad ⟠ defidad.eth

@DeFi_Dad

Few places I've got stablecoins parked in happy healthy yield, with zero leverage... @0xfluid USDC = 7.5% APR @SkyEcosystem / @sparkdotfi sUSDS = 6.5% fixed APY @ethena_labs sUSDe = 5% APY @MoonwellDeFi vault = 5.3% APY @KaminoFinance USDC = 3.88% APY @aave USDC = 2.8% APR https://t.co/r2vpcjcjom

TrueFi

@TrueFiDAO

Stablecoin supply surged 59% in 2024, reaching $211.2B by early 2025! Yield-bearing stablecoins now account for 3% of the market, driving growth in tokenized treasuries. TrueFi's Asset-Backed Loans, Credit Vaults, and Asset Vaults, offer diversified lending options for…