Cardano Stablecoin Market Tops $70 Million As USDC Dominates Supply

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Stablecoins issued or circulating on Cardano reached roughly $70.2 million in DefiLlama’s October 18 snapshot, up about 31% over 30 days. USDC represents nearly two-thirds of that total. Cardano’s stablecoin market has crossed another small but notable threshold. DefiLlama’s October 18 figures put the network’s dollar-pegged token supply at approximately $70.2 million, with 30-day growth of about 31%. USDC accounts for most of the balance. The tracker lists around $44.5 million in USD Coin on Cardano, equivalent to roughly 63.5% of all stablecoins it follows there. Moneta’s USDM contributes about $13.5 million, while RealFi USDrf and Anzens USDA make up smaller portions of the total. For an ecosystem seeking deeper decentralized finance markets, stablecoin supply is an important ingredient. Traders and lenders need liquid assets that can serve as a common dollar unit, and developers often rely on them to support borrowing, payments and settlement. But supply is not the same thing as usage. An increase in circulating stablecoins does not prove that the same value is trading reg...