Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two months. The current rate of increase in the supply is roughly $541 million per day, according to the firm. Specific tokens that were analyzed include the big two USDT and USDC, which account for 86% of all stablecoin market capitalization, and smaller stablecoins such as Ethena’s USDE and Sky Protocol’s DAI. A separate report by Ark Investment Management shows that transaction value of all stablecoins now eclipses that of traditional payment companies such as Visa, Mastercard, and American Express.
Stablecoin Supply Jumps by $17B Since Beginning of 2025
This article was published more than a year ago. Some information may no longer be current.
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