USDT gains $5 billion as other stablecoins shrink
The total stablecoin supply has surpassed $300 billion, but growth has slowed significantly.
Over the past month, Tether’s USDT expanded by more than $5 billion.
In contrast, USDC, USDe, and PYUSD together fell by about $4.2 billion, resulting in net stablecoin growth of only around $0.9 billion, or roughly 0.3% for the month.