Global Stablecoin Supply Hits Record High Amid Exchange Outflows

The rise of global stablecoin supply has reached unprecedented levels, with digital dollars remaining one of the strongest pillars of the cryptocurrency market.

Despite this growth, non-USD stablecoins are gaining traction, particularly in emerging markets where local currencies are being pegged to US dollar-based tokens. This trend is evident in the sharp increase in ruble-based stablecoin adoption.

However, exchange net flows remain negative, indicating a lack of fresh buying power to fuel a sustained rally. Historically, strong exchange inflows have coincided with significant Bitcoin price movements, but current readings suggest capital is being withdrawn or redirected elsewhere.