Total stablecoin supply surpasses $250 billion…Tether and Circle hold 86% market share
Suehyeon Lee
Summary
- It was reported that the total supply of the stablecoin market has surpassed $250 billion.
- Tether (USDT) and Circle (USDC) are said to account for 86% of total circulation.
- It was analyzed that there are now more than 10 types of stablecoins with a market capitalization of over $1 billion, showing greater diversity among issuers.
The total supply of the stablecoin market has surpassed $250 billion.
On the 19th (local time), Delphi Digital reported, "The total stablecoin supply has surpassed $250 billion for the first time in history, with Tether (USDT) and Circle (USDC) accounting for 86% of total circulation."
It further analyzed, "In the case of Ethena (ENA), its supply has grown to nearly $6 billion since launch, and there are now over 10 types of stablecoins with a market capitalization exceeding $1 billion, indicating increasing diversity among issuers."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
