During that timeframe, the circulating supply of major stablecoins more than doubled, driven by expanding DeFi applications and institutional adoption. Major stablecoins including Tether (USDT), USD Coin (USDC), and Dai (DAI) experienced substantial increases in circulating supply.
Recent market analysis shows the circulating supply of major stablecoins more than doubled during a defined period, driven by expanding DeFi activity and broader institutional adoption. Among them, Tether (USDT), USD Coin (USDC), and Dai (DAI) experienced substantial increases in circulating supply, underscoring the sector’s evolving fundamentals. Recent market analysis indicates that the circulating supply of major stablecoins more than doubled in a defined window, propelled by growing DeFi activity and increased institutional adoption.
USDT, USDC, and DAI led the gains, signaling evolving on-chain fundamentals for the sector. The surge highlights rising on-chain liquidity as DeFi protocols expand and investors seek stable liquidity amidst market volatility. The continued growth of stablecoin supply reflects both growing DeFi usage and institutional engagement with digital assets. Market watchers will evaluate how supply expansion affects liquidity, collateral dynamics, and risk across DeFi ecosystems.
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