Discover the rapid growth and international adoption of stablecoins, driven by a community of dollar-backed (USDT, USDC, PYUSD) and digital-backed (DAI, USDe) stablecoins across various blockchain networks.
For on-chain coverage, see the link below to Khelp's November Office Hours Recording:
(data driven by Artemis Analytics)
3 Key Takeaways:
~$3 trillion in stablecoin transaction volume over the past 30 days. According to a16Z Crypto's 2024 Report, that significantly outpaces Visa's 2Q24 figures of $4 trillion.
Total stablecoin supply closes gap on all-time-highs from 2021. USDT dominates with 73.9% market share.
If compared amongst countries, stablecoins would be the 20th largest holder of U.S. Treasuries.
Boomer Saraga | Founder/Crypto Investment Manager
Closing Disclaimer: This overview is for informational purposes only and should not be construed as a recommendation to buy or sell digital assets. The views expressed herein are solely those of the author and do not constitute investment advice. Before making any investment decisions, individuals should consult their own advisors, including legal and tax advisor. While the information provided herein is believed to be accurate and reliable, none of Khelp, or any of their respective affiliates or representatives or any other person makes any representations or warranties, express or implied, as to the accuracy or completeness of such information.
Comments