Cardano
Cardano Stablecoin Supply Exceeds $70 Million Led by USDC
Circulating dollar-pegged tokens on Cardano reached $70.2 million in October, driven primarily by USD Coin balances.
Figures from DefiLlama indicate that the supply of stablecoins on Cardano reached approximately $70.2 million on October 18, representing a 31% expansion over a 30-day window.
USD Coin accounts for the vast majority of that total, with roughly $44.5 million in circulation, or about 63.5% of the tracked aggregate. Moneta's USDM represents approximately $13.5 million, alongside smaller contributions from RealFi USDrf and Anzens USDA.
While expanding stablecoin balances provides additional dollar liquidity for decentralized finance protocols such as lending and payments, the report notes that higher supply does not automatically reflect active usage or increased demand for ADA. Furthermore, the overall volume remains modest compared to larger networks such as Ethereum.
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