Stablecoin market tops $300B as USDT and USDC hold 85% share
- —Stablecoin supply grew by $6.1 billion in August to $304 billion
- —USDT at $183.7 billion and USDC at $75 billion hold about 85% of the market
- —Ethereum hosts $146.4 billion (48%), Tron $94.5 billion (31%), Solana $16.4 billion
- —RLUSD jumped 64% in August to $2.4 billion; USDe reached $4.9 billion, PYUSD $2.7 billion
Why it matters: Stablecoins are shifting from a trading tool to payment infrastructure, with Visa reporting a 200% year-on-year rise in card settlement volumes even as the US, EU and Singapore tighten issuance rules.
Source: CoinDesk Japan