Stablecoin Volume Just Dropped 19% — But Holders and Supply Are Still Growing. Here’s What the Divergence Actually Means.
The number that’s been circulating across crypto media — $831 billion — is not a stablecoin market cap. It is not total supply. It is the amount of stablecoins that were actually transferred on-chain over the past 30 days. That distinction matters enormously, because the story it tells is almost the opposite of what a…
