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.