Analysis: Stablecoin growth has slowed since Q4 of last year

The expansion of the stablecoin market has slowed since the fourth quarter of last year following a period of rapid growth, according to an analysis by Sentora, formerly IntoTheBlock. The firm noted that the month-over-month slowdown is primarily due to a decline in the market capitalization of Tether's USDT and Circle's USDC. In contrast, newer stablecoins such as PayPal's PYUSD and the Ripple-affiliated RLUSD have continued to see relative growth, steadily expanding their market share.