$318B+ in stablecoins - AND GROWING

Tether alone sits at $190B, nearly 60% of total circulating supply

Circle follows at $77.8B, while players like Ethena, BitGo, and Sky are quietly crossing the $10B mark

► Stablecoins are winning real-world adoption

► Liquidity concentration still matters

► The competition is no longer hypothetical - it’s live

Stablecoins aren’t a crypto narrative anymore

They’re a global monetary layer