Stablecoin Supply to Increase by 60% in 2024

The stablecoin market has seen impressive growth in 2024, growing by an impressive 60% to reach a whopping $200 billion, according to reputable source Artemis.

Second-layer blockchains like Base are playing a key role in this boom. They already process 24% of all stablecoin transactions and continue to gain popularity. Experts predict that their influence will only increase in 2025 due to their incredibly low fees.

USDT, the largest stablecoin on the market, is steadily moving towards the $140 billion mark. On the Tron network, its capitalization has already exceeded $61 billion, increasing by an incredible 93% in just two years.

USDC is also not far behind, ending the year with a capitalization of $43 billion. These stablecoins are actively used both for purchasing cryptocurrency and for hedging risks, which makes them indispensable tools in the digital asset market.