May 31st 2021
Total stablecoin supply is now more than $100 billion
Stablecoins have become an important part of the crypto market, and the total stablecoin market cap has now surpassed $100 billion after massive growth in 2021.
Source: Skew
The stablecoin market has exploded this year, and just surpassed $100 billion. The total stablecoins supply has more than tripled in 2021.
In January 2020, USDT was the dominant stablecoin, accounting for more than 75% of the total stablecoin market cap. Now, USDT market share is down to 61.8%, as other stablecoins are growing in popularity.