
Stablecoin supply hits $233B in April: USDT, USDC tighten grip on 90% of the market
The stablecoin sector has witnessed unprecedented growth in the first quarter of 2025, with a whopping 9.61% increase in supply between January and April. This surge brings the total supply to an astonishing $233 billion, signaling a massive uptick in adoption and use cases.
According to data from IntoTheBlock, the two leading stablecoins, USDT and USDC, have tightened their grip on the market, accounting for a staggering 90% of all stablecoin supply. This dominance is not only concerning but also underscores the immense influence these two issuers wield in the decentralized finance (DeFi) landscape.
Despite this surge, exchange activity has taken a drastic turn. February witnessed peak inflows and outflows of $106.57 billion and $106.01 billion, respectively. However, March saw a significant drop, with net outflows reaching -$2.9 billion, followed by an even sharper decline in April. These numbers indicate a marked shift in investor sentiment, with many choosing to liquidate their holdings or hold onto them for the long haul.
The rebound of USDC, coupled with the impending IPO news, has reignited institutional optimism in the stablecoin space. Nevertheless, the precipitous drop in exchange activity raises concerns about market fatigue, profit-taking, or a pivot towards more conservative holding strategies.
As we move into the upcoming quarters, it remains to be seen whether this decentralization will continue or if stablecoins will remain ensconced within a two-player regime. One thing is certain – the crypto space needs to keep a close eye on these trends and their implications for the broader market.
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Source: https://ambcrypto.com/stablecoin-supply-hits-233b-in-april-usdt-usdc-tighten-grip-on-90-of-the-market/