Update
Cardano Stablecoin Market Reaches $70 Million
Stablecoins issued or circulating on Cardano reached approximately $70.2 million in DefiLlama’s October 18 snapshot, up about 31% over 30 days. USDC represents nearly two-thirds of that total, with $44.5 million in USD Coin on Cardano accounting for about 63.5% of all stablecoins tracked. The growth gives Cardano applications more dollar-denominated liquidity to work with, but the ecosystem is still relatively modest compared to larger networks like Ethereum.