This week, the current total supply of USDC surpassed tether, in terms of tokens issued on the Ethereum blockchain.
Total supply ofUSDC is also on a few different blockchains, but the majority of USDC resides on Ethereum. USDC has a current total supply of 45.3 billion, which means 5.3 billion USDCs are used on alternative blockchains.Both of these stablecoins are giants in comparison to the rest of the stablecoins in existence as they dominate 71.84% of today’s stablecoin economy. During the last 24 hours, across the entire crypto-economy, there’s been $78 billion in total trade volume.
Statistics from coingecko.com’s top stablecoin by market capitalization indicate that tether has increased its supply by 1.8% during the last 30 days. USDC’s supply over the last month has increased by 8.9%. Decentralized and algorithmic stablecoin supplies have seen much larger increases during the last 30 days as UST, MIM, and FRAX increased by double-digit percentages. Terra’s UST increased 22%, MIM jumped 17%, and FRAX increased by 46.4% over the last month.
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