The stablecoin sector’s total market value reached about $308.5B on Friday, Dec. 26, according to DeFiLlama’s stablecoins dashboard.
DeFiLlama’s chain view shows the aggregate supply is slightly lower over the past week, down roughly $365.7M or 0.12%, while still up about 1.35% over 30 days. Ethereum remains the primary base layer for stablecoin supply, with roughly 53.93% dominance on the same dataset.
With the market cap sitting just below the $310B threshold, the near-term focus is whether issuance, redemptions, or chain rotations materially shift that liquidity profile into year-end, and whether Ethereum’s share holds as competition intensifies.
Source: DeFiLlama.
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