While stablecoins grew rapidly in 2024–2025, that momentum has largely flattened since Q4 last year. On a monthly basis, the slowdown is driven primarily by USDT and USDC, whose market caps have contracted, while newer entrants such as PYUSD and RLUSD have continued to gain share.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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