X @Token Terminal 📊
Token Terminal 📊·2025-08-23 14:03
Market Overview - Stablecoin supply has doubled since January 2024, increasing by 100% from approximately $130 billion to $270 billion [1] - Ethereum and Tron platforms host approximately 90% of the total stablecoin supply [2] - Solana is the third largest chain hosting over $10 billion in stablecoins [2] Key Players - The top 4 stablecoin issuers control approximately 96% of the market share [3] - Tether is identified as a private company, Circle as a publicly listed company, and Ethena & Sky as DAOs (Decentralized Autonomous Organizations) [3] Currency Tokenization - USD is the most widely tokenized currency [4] - No EUR (Euro) stablecoin is ranked within the top 20 stablecoins by supply [4]