Stablecoin Market Sees Significant Growth in 2024: USDT Surpasses $580M, USDC Grows 1,055.9%

The stablecoin market is experiencing significant growth, with the total supply increasing from $138 billion in January 2024 to $168 billion as of June 2024. Tether's USDT on the TON blockchain has surpassed the $580 million mark, while Circle's USDC on the Base network has a supply of approximately $3.05 billion. USDC on Base has shown a remarkable 1,055.9% growth in the last 90 days, making it the fastest-growing stablecoin. Additionally, USDT on the Celo blockchain has seen a 53.1% increase in tokenholders over the past 30 days. Maker's DAI, an Ethereum-based stablecoin, leads in monthly transfer volume, surpassing $100 million. $30 billion worth of FIAT has been moved onchain so far this year. USDC on Base, deployed in August 2023, has a monthly transfer volume of $39.82 billion, with a month-over-month change of 143.5%.