Stablecoin Supply Tops 46% on Exchanges as Investors Remain Cautious

Nearly half of all circulating stablecoins have been idle on exchanges for over a year, according to new data from blockchain analytics provider CryptoQuant.

The exchange supply ratio of stablecoins has remained between 0.40 and 0.46 since December 2024, indicating that around 40-46% of all stablecoins in circulation remain parked on trading platforms.

CryptoQuant defines the 'exchange supply ratio' as the percentage of an asset's total circulating supply held on centralized exchanges.

This suggests that while the market retains ample capital, investors are not deploying it readily into risk positions.