From niche trading tool to indispensable financial infrastructure, stablecoins have transformed how value moves on-chain - now representing:
- $230B+ in supply
- 1.5M+ active addresses
- 60%+ of total transaction volume
In our Stablecoin Sector Analysis, we unpack:
- Fiat-Backed Dominance: Why $USDT and $USDC still command over 90% of market share
- DeFi Alternatives: How $DAI, $USDS, and yield-generating models like $USDe are creating new value propositions
- Interest-Bearing Models: The emergence of tokenized money market funds and on-chain savings vehicles
- Network Flows: Ethereum leads with 37% of stablecoin transfer volume, followed by Base at 35%, Tron at 20%, and Solana at 5% (as of April 2025) - underscoring how low fees and high throughput enable payments and microtransactions.
Dive deeper into the stablecoin ecosystem with insights from @TanayVed and the @coinmetrics team.
👉 Check out the full report and view the Coin Metrics Stablecoin dashboard - both linked in replies.
Show original
34.65K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.