Stablecoins have solidified their place as critical pillars in the crypto ecosystem, evolving from speculative trading tools to essential instruments in real-world financial transactions. This edition brings together the latest data from Ethereum’s on-chain volumes, Singapore’s merchant payments, and emerging market usage, giving you a comprehensive overview of how stablecoins are reshaping global finance.
Ethereum's Record Stablecoin Volume: $1.46 Trillion and Rising
Ethereum has hit a new milestone in stablecoin usage, with an on-chain volume of $1.46 trillion, more than double from $650 billion at the start of 2024.
DAI, the decentralized stablecoin, has seen extraordinary growth, leading with $960 billion in volume. This sharp rise signals increasing trust in decentralized finance (DeFi) solutions.
Key observation: While DAI tops the chart, USDT and USDC remain more reliable for transactional stability, as DAI's volume could be inflated by wash trading and internal transfers.
USDC and …
