January sees $237 billion in monthly stablecoin volume thus far, breaking prior record


January has seen more than $230 billion in on-chain stablecoin volume since the start of the month, according to data collected by The Block.

That figure — $237.2 billion as of January 25 — represents the highest monthly amount of its kind, surpassing December's total of $178.3 billion by 33%. 

USDT (Tether) had seen the majority of that volume at 62.9%, followed by USDC (USD Coin) with 21.0% and DAI with 9.1%.

Readers can find more data about stablecoins, as well as a wide array of crypto-related areas, by visiting The Block's Data Dashboard

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

SEC said to allow first bitcoin futures ETF to trade in US: report

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]
Read Full Story
Oct 15, 2021, 2:54AM UTC