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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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Delphi Report: Tether and Circle account for 86% of the stablecoin market share, with over $120 billion in US Treasury bonds locked in stablecoins.
BlockBeats news, on June 19, according to a report by Delphi Digital, the supply of the stablecoin market has exceeded 250 billion USD for the first time. Among them, yield-bearing stablecoins have grown rapidly, with Ethena reaching nearly 6 billion USD since its launch; Tether and Circle still dominate the market, accounting for 86% of the circulating supply combined; the diversity of issuers has increased, with more than 10 stablecoins having a circulating supply of over 100 million USD; over 120 billion USD of U.S. Treasury bonds are locked in stablecoins, creating a liquidity pool outside the traditional market.