Dollar stablecoin supply slips to $305 billion as USDC falls 4.8% in a month

The supply of dollar-pegged stablecoins has stopped growing and edged lower in the past month, according to the tracker published by DefiLlama.

The total

Stablecoins pegged to the US dollar in circulation totaled $305.1 billion, compared with $306.1 billion a week earlier and $306.0 billion a month earlier, a decline of 0.35% in a week and 0.31% in a month (computed).

By issuer

Stablecoin	Circulating	vs. week ago	vs. month ago
Tether (USDT)	$182.5 billion	-0.5%	-0.4%
USD Coin (USDC)	$72.2 billion	-0.9%	-4.8%
Sky Dollar (USDS)	$6.9 billion	-2.7%	+6.2%
Dai (DAI)	$4.7 billion	+0.5%	-1.4%
Ethena USDe (USDe)	$4.6 billion	-2.7%	-5.9%
World Liberty Financial USD (USD1)	$4.0 billion	-2.4%	-9.2%
Global Dollar (USDG)	$3.1 billion	+0.9%	-4.5%
PayPal USD (PYUSD)	$2.9 billion	+3.0%	+3.5%

Source: DefiLlama. Changes computed from the supply figures it reports for the previous week and month.

Tether's USDT, the largest, was $182.5 billion, down from $183.4 billion a week earlier. USD Coin fell from $75.8 billion a month earlier to $72.2 billion. Ethena's USDe fell from $4.9 billion to $4.6 billion, and World Liberty Financial's USD1 from $4.4 billion to $4.0 billion. Sky Dollar rose to $6.9 billion from $6.5 billion.

About the data

DefiLlama's figures are estimates compiled from on-chain data and issuer disclosures, and they are revised as chains and assets are added. The tracker lists only the stablecoins and chains it covers.