Stablecoin supply stagnates as payments activity surges
In short
Stablecoin supply has barely grown this year, but payments using them have kept rising. CoinDesk said Circle’s latest earnings show that gap clearly.
That matters because it shows more activity on blockchain networks even when the amount of stablecoins in circulation is not growing much.
What the reporting says
Stablecoin supply has barely grown this year, even as payments using the tokens continue to surge. CoinDesk said Circle's latest earnings highlight the gap between dollars outstanding and activity on blockchain networks. The report points to diverging trends in stablecoin balances and real-world usage across crypto payments.
Why it matters
The CoinDesk report says stablecoin supply has barely increased this year while payment activity using stablecoins has surged. It uses Circle's latest earnings as an example of the split between tokens outstanding and blockchain usage. The story matters for crypto markets and payments adoption because it suggests usage can rise even without a matching jump in supply.