The most striking contradiction in stablecoins this year: total supply stayed flat for a year, while activity was practically smoking hot.
Three numbers tell the story: ① Total supply is $309 billion, stuck in the $300–320 billion range for a full 12 months. Seeing this, Standard Chartered’s Geoffrey Kendrick pushed his $2 trillion target from 2028 to 2030; ② Monthly on-chain transfer volume surged from $4 trillion last year to nearly $10 trillion this year, with May alone hitting a record $19 trillion; ③ The same money, but twice the turnover: USDC’s monthly turnover jumped from 45 to 80, while USDT remains stuck at 7—one is being spent like money, the other saved like dollars.
Here’s the kicker: today, Circle CEO Jeremy Allaire announced that USDC is setting its sights on around 50 new emerging and frontier markets. The battlefield: dollar savings versus payments. Who do you think will look more like money five years from now?
Don’t forget, the real winner of this battle could be $BTC : the faster money moves on-chain, the more likely it is to be the first faucet for the next wave of crypto inflows.
$BTC $ETH
Three numbers tell the story: ① Total supply is $309 billion, stuck in the $300–320 billion range for a full 12 months. Seeing this, Standard Chartered’s Geoffrey Kendrick pushed his $2 trillion target from 2028 to 2030; ② Monthly on-chain transfer volume surged from $4 trillion last year to nearly $10 trillion this year, with May alone hitting a record $19 trillion; ③ The same money, but twice the turnover: USDC’s monthly turnover jumped from 45 to 80, while USDT remains stuck at 7—one is being spent like money, the other saved like dollars.
Here’s the kicker: today, Circle CEO Jeremy Allaire announced that USDC is setting its sights on around 50 new emerging and frontier markets. The battlefield: dollar savings versus payments. Who do you think will look more like money five years from now?
Don’t forget, the real winner of this battle could be $BTC : the faster money moves on-chain, the more likely it is to be the first faucet for the next wave of crypto inflows.
$BTC $ETH