Stablecoin Transfer Volume Drops 19% as Supply Rises
Cointelegraph
Stablecoin transfer volume declined 19% to $8.31 trillion, despite a rise in total supply and holder counts over the past month.Summary
Data from RWA.xyz reveals a divergence in the stablecoin market, where monthly transfer volume fell by 19.18% to $8.31 trillion, even as market capitalization and holder counts increased. While capital in dollar-denominated assets grows, actual on-chain transaction velocity has slowed. Tether’s USDT, Circle’s USDC, and MakerDAO’s DAI led net inflows, while Ethena’s USDe and Paxos’ PYUSD experienced net outflows. Fidelity notes that despite this recent cooling, long-term trends suggest stablecoins are increasingly used for payments and settlements on networks like Ethereum and Solana.
(Source：Cointelegraph)