🇺🇸 Offshore stablecoins still dominate, but U.S. growth is accelerating Over the past year, U.S.-based stablecoins like $USDC and $PYUSD have more than doubled in supply, growing +104% to $67.5B. Meanwhile, non-U.S. stablecoins, led by $USDT, $USDe, $DAI, and $USDS, showed more moderate growth at +41%, but still account for the majority of the global stablecoin market. ✍️ Growing supply of U.S. stablecoins reflects improving institutional appetite, supported by clearer regulation and renewed confidence in American issuers.

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