📈 Stablecoin Supply Keeps Climbing Stablecoin supply has risen steadily since early 2023 and now hovers near $250 B. Regulatory tailwinds in the US, Japan and elsewhere are turning stablecoins into crypto’s first clear product-market fit for institutions and mainstream users. Borderless dollars that settle in seconds already power trading, payments and collateral. Yet >90 % of that value sits in USDC & USDT: high-liquidity cash rails with no yield. In a capital-efficient world, leaving $200B+ idle is the inefficiency to fix. That gap is closing. Yield-bearing stablecoins, such as slvlUSD from Level, are carving out space on the supply chart. Some (e.g., slvlUSD) serve as onchain savings accounts, while others provide hedging or structured-yield plays. Different mechanics, same mission: make dormant dollars productive. As adoption grows, an ecosystem that pairs checking-like liquidity (lvlUSD) with savings-style yield (slvlUSD) gives users familiar, bank-grade tools, without the banks. Same dollars, now working: earning, composable, borderless. Stablecoins aren’t just expanding in size; they’re evolving from passive rails into yield-bearing, programmable money. The blend between safety, transparency, and returns will shape the next era of onchain banking. Data Font: @tokenterminal