Stablecoin supply surpasses $300B but growth slows

The total supply of stablecoins has surpassed $300 billion, but market growth is slowing, The Block reported. Over the past month, Tether's (USDT) supply increased by more than $5 billion, while the combined supply of USDC, USDe, and PYUSD decreased by $4.2 billion during the same period. This resulted in a net increase of only about $900 million for the entire stablecoin market, representing a growth rate of just 0.3% of the total supply. The data suggests a strong trend of existing stablecoin capital moving into USDT rather than new funds entering the market.