Stablecoins, spearheaded by Tether, are at nearly $10B as transaction volume hits all-time highs

Quick Take

  • The total stablecoin supply has grown by  from $5.68 billion to $9.62 billion in the last couple of months
  • Tether is still the largest stablecoin by far, currently sitting at more than 84% of the entire stablecoin supply
  • The adjusted transaction volume of stablecoins hit an all-time high in March and recorded the second-best month in April
  • Dai has the highest velocity, followed by BUSD and HUSD. TrueUSD and GUSD have the lowest velocity
Stablecoins have seen unprecedented growth in the last couple of months; both in terms of demand but also utility.  Since February 5, the total issued supply has grown by 69.4% — from $5.68 billion to $9.62 billion. The fastest stablecoin growth in history coincides with the global liquidity crunch that started on February 20 stemming from the […]

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