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Mon, May 18
stablecoins · 1 min read

Stablecoin supply hits new highs as USDC and USDT issuance accelerates

Aggregate stablecoin supply crossed previous peak, with combined USDC and USDT issuance accounting for the bulk of the move.

Kenji Tanaka
Senior Reporter, Asia-Pacific
84 words · Updated May 18, 01:58 UTC
Stablecoin supply hits new highs as USDC and USDT issuance accelerates

Total stablecoin supply has crossed its prior all-time high, with the combined float of USDT and USDC accounting for the majority of the increase. Aggregate supply expansion is a leading indicator that has historically correlated with stronger spot bid in BTC and ETH on a 30-90 day lag.

Why it matters

Stablecoin supply expansion represents new dollar liquidity entering crypto rails. Net mints typically precede deployment into spot or DeFi. The relationship is far from mechanical, but consistent enough that experienced desks track it.

Tags stablecoins usdc usdt
Disclosure · This article is for informational purposes only and is not financial advice. The author may hold positions in assets mentioned. DMC editorial standards prohibit trading securities that are the active subject of coverage. See our editorial guidelines and methodology.

About the author

Kenji Tanaka

Senior Reporter, Asia-Pacific · JD/MBA · former regulator-side counsel

DeFi and regulation reporter at DMC. Hong Kong / Tokyo time-zone overnight beat. Reading filings and on-chain governance so you do not have to.

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