The size of the Stablecoin converting up to 35 trillion dollars, twice the size of the visa
The total offer from Stablecoins from last month was $ 214 billion. At the same time, the annual transfer volume is 35 trillion dollars, twice the volume of the visa.
According to a recent report before Sand dunesThe number of active headlines jumped by 53 % and reached a net of 30 million. Compared to USDC and USDT, the maximum USDC market has multiplied to $ 56 billion due to the recent MICA and DIFC approvals. It also presented partnerships with Moneygram and Stripe. At the same time, USDT has grown to $ 146 billion but focus more on P2P transfers.
Usde from Etheena Labs has increased to $ 6.2 billion from $ 146 billion, and now the third largest stablecoin is standing by the market.
According to sand dunes, Stablecoin liquidity is primarily on central exchanges. However, Dexs, agricultural protocols, and lending protocols generate most of the transfer volume.
When it comes to stablecoins flow, ETHEREUM leads the market share by 55 %. On the other hand, Solana and Base dominates the transfer volume due to Meme and Defi currencies. “Stablecoins provides clear benefits on traditional financial tools, especially when transporting money across the border,” said Base Producer.
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