Memes

> At Feb '25, stablecoins have reached $214B in supply
> USDC doubled its market cap to $56B 
> USDT grew to $146B but lost ground in market share & institutional usage
> Ethena’s USDe surged from $146M to $6.2B, now the 3rd largest stablecoin
> Stablecoins flow: Ethereum leads in supply (55% share)

Source:

1/ Stablecoins are reshaping finance 🏦

Explore all insights, market trends, asset deep dives, and more in "The State of Stablecoins 2025"— a comprehensive report by Dune &amp; @artemis

Link at the end of the thread 🧵 https://t.co/ociR0HJlsX

Dune

> At Feb '25, stablecoins have reached $214B in supply
> USDC doubled its market cap to $56B 
> USDT grew to $146B but lost ground in market share & institutional usage
> Ethena’s USDe surged from $146M to $6.2B, now the 3rd largest stablecoin
> Stablecoins flow: Ethereum leads in supply (55% share)

Source: https://x.com/Dune/status/1901982147587748193