@sgfbdfn
Stablecoin supply just hit $250B for the first time.
Yield-bearing ones like Ethena grew fast, hitting nearly $6B.
Tether and Circle still rule with 86% market share.
Diversity's up—over 10 stablecoins now have $100M+ in circulation.
$120B+ in US Treasuries back these coins, creating off-market liquidity pools.
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