Delphi Digital Report: The supply of stablecoins has exceeded $250 billion for the first time, with yield-bearing stablecoins growing rapidly

ChainCatcher news, according to a report by Delphi Digital, the supply of stablecoins has exceeded $250 billion for the first time. Among them, yield-bearing stablecoins are growing rapidly, with Ethena reaching nearly $6 billion 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 circulation of over $100 million; over $120 billion in U.S. Treasury bonds are locked in stablecoins, creating a liquidity pool outside of traditional markets.