The stablecoin financial system expanded notably in March, posting a 4.52% enhance over the month. Roughly $10.148 billion flowed into the fiat-pegged sector in the course of the 31-day stretch.
March Stablecoin Growth
The stablecoin sector has maintained its upward momentum, increasing 15.57% because the starting of the yr with an infusion of $31.590 billion. March alone accounted for 32.13% of that whole, as $10.148 billion entered the stablecoin house in the course of the month.
As of Tuesday, April 1, 2025, the sector is valued at $234.468 billion, based mostly on information from defillama.com. Tether ( USDT) stays the dominant pressure amongst stablecoins, main each in buying and selling quantity and market capitalization, which stands at $144.712 billion as of right this moment.
Tether instructions a dominant 61.71% slice of the fiat-pegged token market. In March, its provide expanded by $1.972 billion. USDC, the second-largest stablecoin by market dimension, skilled even higher progress, with its provide rising by $3.71 billion throughout the identical interval. On April 1, USDC’s market capitalization stands at $60.131 billion, accounting for 25.64% of the $234.468 billion whole. Ethena’s USDe, in the meantime, noticed a decline in March, shedding $203.77 million and reducing its valuation to $5.259 billion, or 2.24% of the stablecoin market.
Conversely, Ethena’s USDtb skilled an explosive enlargement, climbing 1,489% with a $1.342 billion enhance in provide. Among the many high ten stablecoins, USDtb posted probably the most dramatic progress. FDUSD adopted with a 30.64% acquire, as its provide rose by $544.09 million. As of April 1, FDUSD’s market capitalization sits close to $2.32 billion, representing 0.99% of the stablecoin financial system.
Blackrock’s BUIDL climbed 245% in March, including $1.356 billion to achieve $1.908 billion. In the meantime, Honey’s HONEY superior 21.42% to $592.89 million, and USDA lifted 19.58% to $304.11 million.
