Stablecoin transfer volume surpassed $10.5 trillion in January
In January 2024, stablecoin transfer volumes reached a record high of $10.5 trillion — the largest figure since April 2022. This highlights the growing importance of stablecoins in digital finance and payments.
Source Dune
Most of the activity was driven by USDC from Circle, accounting for $8.3 trillion, followed by USDT at $1.7 trillion, and DAI in third place with $138 billion. Transaction volumes for stablecoins had already reached $7.8 trillion by mid-February.
These figures underscore the steady demand for leading stablecoins and confirm their role as a key instrument in cryptocurrency settlements. The growth trend in stablecoin usage is expected to continue in the near future.
