Stablecoins: $305.5bn Supply Stagnates as Transfers Reach $10tn
Standard Chartered data shows stablecoin onchain transfers near $10tn monthly, up from $4tn, while total supply sits at $305.5bn after just 0.7% annual growth.
SourceAnalysis
Standard Chartered reports raw onchain stablecoin transfers near $10tn a month, doubling from $4tn previously, even as overall supply holds at $305.5bn with only 0.7% growth over the past year. Usage velocity per dollar continues climbing while balances remain flat, limiting reserve income that depends directly on those balances.
Charles d'Haussy | dYdX
@charlesdhaussyCEO @dYdXfoundation - Crypto Derivatives, DeFi & Governance / ex. ConsenSys & .gov.hk