Crypto Arcane Research and CryptoRank have confirmed that the total stablecoin supply has reached $180 billion.
Stablecoin Growth ContinuesovertakeThe rest of the market, up 6% over the past 30 days, during which time the market is volatile, stablecoin can provide stablecoin prices supported by specific assets or algorithms.
In February, three stablecoins entered the top 10 crypto coins, according to Arcane Research, Tether (USDT), USD Coin (USDC), and BUSD, accounting for “9% of the total crypto market cap.”
Stablecoin supply has also increased by $9.5 billion over the past 30 days, with Arcane Research noting that while the largest USDT stablecoin has a 44% market share, USDC is growing 20% in 2022.
“If USDC and USDT continue to grow at similar rates in 2022, USDC will become the largest stablecoin by market cap at the end of June.”
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