Stablecoin Supply doubled in 2024, surged beyond $270 billion

The Stablecoin market has grown significantly in 2024, with total supply doubled since January. Recent data shows that Stablecoin’s distribution has risen from $130 billion at the start of the year to about $270 billion today, highlighting the rise in its role in the global crypto market.

Ethereum, Tron and Solana dominate the Stablecoin market

In this scenario, Ethereum ($ETH) and Tron ($TRX) co-host almost 90% of Stablecoin Supply, maintaining their status as powerhouses of this expansion. In general fluctuations, Solana ($sol) has secured a solid position as the third largest chain, with over $10 billion of Stablecoins being fed to the network.

Almost four top companies host around 96% of all Stablecoin Stablecoin market. All the idiots you see in the market are basically products from these four companies. Tether, the leading private stubcoin issuer, and Circle, the publicly-owned company, each has Stablecoins $USDT and $USDC, and there are autonomous organizations Ethena and Sky Stablecoins.

USD dominates the tokenized currency market beyond the EUR

As always, USD is at the top of the list of the most widely accepted token currencies. This maintains a strong impact on digital finance. Surprisingly, one Euro-designated stubcoin has not fallen to the top 20 by supply, highlighting USD’s unparalleled position in the Stablecoin market. It will almost become invincible.

The periodic increase in ridiculous demand means that stubcoin integrates standards as the basis for crypto liquidity, trading, and real-world settlements. The rising demand in 2024 could be a groundbreaking point for Stubcoin, combining on an extraordinary scale with traditional finance and a blockchain-based economy.