#📈 Stablecoin Market Grows: US$46 Billion in Net Inflows in the Quarter

In the third quarter, the stablecoin market saw a strong increase — net inflows reached US$45.6 billion, a jump of 324% compared to the previous quarter. The leaders were USDT, USDC, and the growing Ethena USDe.

➡️ Quarter Numbers

🟡 USDT — +US$19.6 billion

🟡 USDC — +US$12.3 billion

🟡 Ethena USDe — +US$9 billion

🟡 PayPal USD — +US$1.4 billion

🟡 MakerDAO USDS — +US$1.3 billion

📈 In the last six months, the market grew US$56.5 billion, mainly in the third quarter.

➡️ Leading Networks

🟡 Ethereum — US$171 billion in circulation

🟡 Tron — US$76 billion

🟡 Solana, Arbitrum, and BNB Chain — US$29.7 billion combined

According to DefiLlama, the total market capitalization reached US$290 billion, with USDT at 59%, USDC at 25%, and USDe at almost 5%.

➡️ But activity has dropped a bit:

🟡 Active Addresses — 26 million (–22.6%)

🟡 Transaction Volume — US$3.17 trillion (–11%)

Stablecoins continue to consolidate their role as the “digital dollars” of the crypto market. The increase in inflows, even with less activity, shows a phase of accumulation — calm before the next impulse.

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