Stablecoin net inflows jumped from just $10.8 billion in Q2 to $45.6 billion in Q3, a 324% surge led by USDT, USDC and the rise of Ethena’s USDe.
Stablecoins recorded more than $45 billion in net inflows in the last 90 days, highlighting rising demand for US dollar-pegged assets in the crypto space.
On Monday, data tracker RWA.xyz showed that Tether’s USDt (USDT) stablecoin led the quarter with $19.6 billion in net inflows, followed by Circle’s USDC (USDC) with $12.3 billion. Ethena’s synthetic stablecoin Ethena USDe (USDe) also stood out, with $9 billion in net inflows for the quarter.
Other players contributed smaller, but notable inflows during the quarter. PayPal USD (PYUSD) saw $1.4 billion in net inflows, while MakerDAO’s USDS (USDS) added $1.3 billion. Emerging projects like Ripple’s Ripple USD (RLUSD) and Ethena’s USDtb also showed steady gains.
