The total ERC-20 stablecoin supply hit an all-time high of $121 billion, highlighting growing interest in this category of digital assets.
Growth of ERC-20 Stablecoin Supply
Total ERC-20 stablecoin supply has been steadily increasing since early 2020, reaching record levels in 2025. Data from CryptoQuant shows that the supply surpassed all previous records.
Market Leaders: Tether, USDC, and DAI
Tether (USDT) remains the most dominant stablecoin with a market cap of $158.7 billion. USDC follows with a $62 billion capitalization, while DAI's market cap stands at $5.36 billion. These stablecoins are essential in decentralized finance and global payments.
Warnings About Stablecoin-Linked Scams
A press release on July 7 from Shenzhen’s Municipal Task Force warned about scams involving stablecoins. The warning highlighted fraudulent groups promoting 'virtual currencies' under the guise of financial innovation.
The record high in ERC-20 stablecoin supply indicates expanding adoption but also comes with increased regulatory scrutiny. User awareness remains key to minimizing risks.
