Data: Stablecoin market supply exceeds $250 billion for the first time, and issuer diversity increases

Odaily Planet Daily News According to a report by Delphi Digital, the supply of stablecoins in the market exceeded $250 billion for the first time. Among them, income-based stablecoins have grown rapidly, and Ethena has reached nearly $6 billion since its launch; Tether and Circle still dominate the market, accounting for a total of 86% of the circulating supply; the diversity of issuers has increased, and more than 10 stablecoins have a circulation of more than $100 million; more than $120 billion of US Treasury bonds are locked in stablecoins, forming a liquidity pool outside the traditional market.