Pro
Stablecoin Dominance on Chain(s)
Key Insights
- The total size of the stableco market finished September just north of $150 billion.
- USDC dominance on Ethereum fell 5% since July; meanwhile, BUSD has increased by the same percent in the same time frame.
- Layer-2 rollups have been seeing USD inflows again since July with the total market cap of stablecoins up 5.4% in September.
- Optimism stablecoin inflows have been higher than Arbitrum in recent months, a signal indicating continued growth following the OP token airdrop.
An Unknown Future for Protocol-Native Stablecoins
The so-called stablecoin wars are getting some new competitors. That’s encouraging news. Messari’s own research highlights the positive correlation between stablecoin supply and ecosystem stability. In short, stablecoins are in high demand if our industry wants to successfully scale DeFi to the billionth user.
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Jerry joined Messari as a Research Analyst after working in management consulting. He graduated with a B.S. in finance and a minor in computer science from Indiana University's Kelley School of Business.
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