X @Andy
Andy·2025-09-03 09:27
Bold prediction:Ethena flips Circle in total outstanding stablecoin supply in the next 18 months.As of today, $USDC total supply is ~ $72B.Right now, the two protocols which dominate the decentralized stablecoin market are Ethena & Sky. Their stables ($USDe & $USDS) stand at around ~$22B combined.Stablecoin supercyle is in full force. Watch what comes next. ...