Stablecoin Market Sees Record Growth with $329B in Supply

The crypto market has seen a resurgence in stablecoin liquidity, with recent reports pointing to renewed capital circulation across markets. Transfer activity has accelerated sharply, while total supply now sits at record levels.

According to data from Dune Analytics, the combined stablecoin balance stands at approximately $329.6 billion, with over $10 trillion in transfer volume recorded last month – the strongest monthly reading since April 2022. Decentralized exchanges (DEXs) made up 56% of all stablecoin activity during that time.

Stablecoins pegged to USD continued activities within the sector, while their non-USD counterparts account for less than 1% of the total stablecoin supply. Data from Kaiko provides a clearer view of market trends by looking at Bitcoin, Ethereum, and stablecoin dominance.