The stablecoin market has seen significant growth, with DAI supply increasing year over year. USDT surged from $85 billion to $110 billion, and USDC rose from $31 billion to $34 billion. Stablecoins like USDT and USDC dominate the market, with USDT having 51% dominance on networks like Ethereum and Solana. The overall stablecoin market has reached $160 billion, hitting a level not seen since Terra's crash. The issuance of stablecoins, including USDC, USDT, and EURC, has reached $3,508,952,000, with additional USDC minted by Circle. Stablecoins are approaching 100 million holding addresses and are projected to settle over $20 trillion in 2024.
Interesting that while Tron and BSC lead in active addresses for stablecoin transfers, Ethereum and Solana lead in $ volumes of stablecoin transfers. -@CharlieYouAI @ournetwork__ https://t.co/G1EdQphht0
Currently, 93.5M crypto addresses are holding stablecoins… 🤩 Tether 76M. 😄 USDC 9.8M. 😊 BUSD 6M. Get an overview on tables from @CharlieYouAI: https://t.co/QKnVS3ZGKF Chart via: @rwa_xyz https://t.co/BW29oS4VL1
Stablecoins are approaching 100 million holding addresses and are on track to settle over $20 trillion in 2024 🤯 Check out our stablecoins feature in the latest issue of OurNetwork to learn more! https://t.co/LnC8DViYW3
JUST IN: #Stablecoins 💰 | OurNetwork #226 Link to read: https://t.co/lHR7s3js8V 🌐 #StablecoinOverview @rwa_xyz | @CharlieYouAI 🏦 $USDe @ethena_labs | @mcasto_ 👻 $GHO @aave | @Token_Logic 🏦 $DAI @MakerDAO | @JamesCliffyz https://t.co/zEtt4wjQ1L
April Solana Stablecoin Update powered by @artemis__xyz 1. We are sitting at $3,508,952,000 issuance with USDC, USDT, and EURC. An additional 500M USDC minted @circle went to Binance. Long tail still insignificant. https://t.co/LAqlVVnC1k
Stablecoin supply hits highest level in nearly two years amid USDe growth https://t.co/cDrhGNUt9f
#Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash https://t.co/5yQrfDYUeJ
Stable Coin Dominance - April 22 I will start posting this new metric - Stable Coins by network. It is clear @solana and @base have strategically chosen $USDC and @ethereum 51% dominance is mostly in $USDT. We will watch this over time and see what we can deduce. @jerallaire… https://t.co/lrDebyCttR
Stable Coin Dominance - April 22 I will start posting this new metric - Stable Coins by network. It is clear @solana and @base have strategically chosen $USDC and @ethereum 51% dominance is mostly in $USDT. We will watch this over time and see what we can deduce. https://t.co/wVGdDbWoqP
DAI supply is finally up YOY at the same time, USDT went from 85b to 110b, and USDC went from 31b to 34b takeaway: stablecoins have massive network effects, and gains largely accrue to the current market leader https://t.co/sjSzUlL7kM