Cardano Stablecoin Market Tops $70 Million As USDC Dominates Supply

TL;DR: Stablecoins issued or circulating on Cardano reached roughly $70.2 million in DefiLlama’s October 18 snapshot, up about 31% over 30 days. USDC represents nearly two-thirds of that total. Cardano’s stablecoin market has crossed another small but notable threshold. DefiLlama’s October 18 figures put the network’s dollar-pegged token supply at approximately $70.2 million, with 30-day growth of about 31%. USDC accounts for most of the balance. The tracker lists around $44.5 million in USD Coin on Cardano, equivalent to roughly 63.5% of all stablecoins it follows there. Moneta’s USDM contributes about $13.5 million, while RealFi USDrf and Anzens USDA make up smaller portions of the total. For an ecosystem seeking deeper decentralized finance markets, stablecoin supply is an important ingredient.

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