Cardano Stablecoin Market Tops $70 Million As USDC Dominates Supply
TL;DR: Stablecoins issued or circulating on Cardano reached roughly $70.2 million in DefiLlama’s October 18 snapshot, up about 31% over 30 days. USDC represents nearly two-thirds of that total. Cardano’s stablecoin market has crossed another small but notable threshold. DefiLlama’s October 18 figures put the network’s dollar-pegged token supply at approximately $70.2 million, with 30-day […]
Key Takeaways
- TL;DR: Stablecoins issued or circulating on Cardano reached roughly $70.2 million in DefiLlama’s October 18 snapshot, up about 31% over 30 days.
- USDC represents nearly two-thirds of that total.
- Cardano’s stablecoin market has crossed another small but notable threshold.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Why RWA Tokenization and Onchain Credit Could Boost XRP Demand
Despite XRP’s sharp decline from its mid-2025 peak, institutional adoption and developer activity on the XRP Ledger remain resilient. Odelia Torteman, head of digital assets at XRPL Commons, argues that expanding enterprise use, real-world asset tokenization…
Aptos Burns 174,000 APT In A Month, Yet Token Supply Keeps Rising
TL;DR: Aptos reports roughly 174,570 APT burned in the past 30 days, but gross staking issuance is about 1.5 million APT a month. Fee burns reduce issuance; they have not made the token deflationary. Burning tokens sounds attractive to investors until the…
Wall Street freaked out Friday. VIX and bitcoin say the fear may fade Monday.
Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says Friday panics usually fade on Monday. Seasonality and calm bitcoin suggest the same.