The total supply of stablecoins has recently exceeded $200 billion, marking a historic milestone in the cryptocurrency market. According to data from Artemis Terminal, the leading stablecoin is USDT, which boasts an impressive supply of $142.9 billion. This dominant position highlights the coin's widespread acceptance and utilization within the crypto ecosystem.
Following USDT is USDC, which has a supply of $42.3 billion, showing its significance as a player in the stablecoin arena. Other notable contenders contributing to this historic peak include USDe, with a supply of $6.08 billion, DAI at $4.5 billion, FDUSD at $1.9 billion, and USDS, which stands at $1.2 billion.
As the stablecoin market continues to grow, it reflects the increasing demand for assets that maintain a stable value, especially amidst the volatility often associated with cryptocurrencies..