The stablecoin market is experiencing significant growth, with the total supply increasing from $138 billion in January 2024 to $168 billion as of June 2024. Tether's USDT on the TON blockchain has surpassed the $580 million mark, while Circle's USDC on the Base network has a supply of approximately $3.05 billion. USDC on Base has shown a remarkable 1,055.9% growth in the last 90 days, making it the fastest-growing stablecoin. Additionally, USDT on the Celo blockchain has seen a 53.1% increase in tokenholders over the past 30 days. Maker's DAI, an Ethereum-based stablecoin, leads in monthly transfer volume, surpassing $100 million. $30 billion worth of FIAT has been moved onchain so far this year. USDC on Base, deployed in August 2023, has a monthly transfer volume of $39.82 billion, with a month-over-month change of 143.5%.
Stablecoin: $USDC Issuer: @circle Transport layer: @base Deployment date: 2023-08-18 Monthly transfer volume: $39.82 billion MoM change: +143.5% https://t.co/d7uIXVHXyS
Stablecoins ranked based on monthly transfer volume & grouped by issuer Example: @circle's stablecoin's across chains https://t.co/Zo9ekBmKXs
Ethereum-based stablecoins w/ a monthly transfer volume over $100M Maker's DAI ranks #1 https://t.co/Xtg7rY1TbF
Top 10 stablecoins based on monthly transfer volume. A breakdown of the issuers: 1. Decentralized stablecoin issuers: @MakerDAO, @Blast_L2, and @ethena_labs. 2. Centralized stablecoin issuers: @Tether_to and @circle. https://t.co/9roL93gBWC
Stablecoins are the most obvious innovation about to go mainstream that exists in crypto They are growing in bull and bear markets I think it hit its inflection point this year and this growth curve is about to get steeper and steeper This is the space to watch (and invest) https://t.co/IrgbnAq5oD
Which stablecoin has seen the biggest uptick in tokenholders over the past 30d? Answer: USDT on @Celo, ๐ผ53.1% https://t.co/XrGOyy8dE0
What's the fastest growing stablecoin based on 90d supply growth? Answer: USDC on @base, ๐ผ1,055.9% https://t.co/LRNFUjgjzk
The stablecoin race is on! ๐๐ @circle's USDC on @base w/ ~$3.05 billion in supply vs. @Tether_to's USDT on @ton_blockchain w/ ~$579.6 million in supply The growth patterns look quite similar! https://t.co/NLdTpi5WWW
Stablecoin supply in January 2024: $138 billion. Stablecoin supply today: $168 billion. $30 billion worth of FIAT has been moved onchain so far this year. Stablecoins are crypto's biggest use case. https://t.co/YGm9frni3A
๐The #USDT supply on #TON surpassed the $580 million mark๐คฏ https://t.co/btt8n7q2jS