As of Oct. 25, Circle’s $USDC made up around 80% of the net 30-day drop among the 13 largest stablecoins, according to monthly DeFiLlama figures. Circle’s token lostbillion in the month.
- The stablecoin market experienced a significant decline, with USDC accounting for approximately 80% of the total loss in the past month.
- Tether (USDT) also saw a decrease but maintained a dominant market share, while other stablecoins like Ethena's USDe and World Liberty Financial's USD1 declined, with Falcon's USDf and PayPal's PYUSD showing growth.
- Tokenized Treasury products also saw a reduction in value, and a major bank has postponed its forecast for a $2 trillion stablecoin market, citing cyclical supply growth tied to weak crypto markets.
Topics: Asset types, Scalability, Public debt, Stablecoins digital cash, Growth metrics, Tokenized us treasuries
Tags: #usdc #stablecoinmarket #circle #tether #usdt #tokenizedtreasuries #defi #marketcap #cryptomarkets #ondoy