The total supply of stablecoins has recently approached $200 billion, with an increase of about $10 billion in the past 30 days alone. Cryptocurrency research firms Arcane Research and CryptoRank have confirmed that the supply of stablecoins has reached a milestone of $180 billion. Over the past 30 days, the growth rate of stablecoins has continued to outpace other markets, increasing by 6%. Arcane Research points out that USDT is the largest stablecoin globally, with a market share of 44%, but it remained stagnant throughout the last year. Meanwhile, the development speed of USDC is accelerating, and if the growth rates of USDC and USDT continue until 2022, USDC will become the largest stablecoin by market capitalization by the end of May.

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