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The total supply of stablecoins surpasses $300 billion, but overall growth is slowing down

MeNews
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ME News Report, May 20 (UTC+8), Data shows that the total supply of stablecoins has surpassed $300 billion, but overall growth has significantly slowed down. Over the past month, the supply of USDT under Tether increased by over $5 billion, continuing to expand its market share. However, during the same period, the combined supply of USDC, USDe, and PYUSD decreased by about $4.2 billion, offsetting most of the USDT growth. Overall, the stablecoin market has net increased by approximately $900 million in the past month, only accounting for 0.3% of the total supply. This indicates that the current stablecoin market is not experiencing full-scale expansion, but rather a redistribution of market share: the newly added USDT supply largely replaced redemptions of other stablecoins. (Source: ODAILY)
USDE-0.04%
PYUSD0.02%
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