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On-chain Volumes for Stablecoins Reached a New Monthly High in December 2020

Amy Liu

Summary: 2020 ended with the highest adjusted on-chain volume for stablecoins in December, according to data compiled by The Block. The total stablecoin volume for December was $178.34 billion, which is a 20.8% increase from the previous month. December was also $18.16 billion (11.3%) greater than the former high in September 2020. Tether (USDT) held 71.2% of the ...

2020 ended with the highest adjusted on-chain volume for stablecoins in December, according to data compiled by The Block. The total stablecoin volume for December was $178.34 billion, which is a 20.8% increase from the previous month. December was also $18.16 billion (11.3%) greater than the former high in September 2020. Tether (USDT) held 71.2% of the stablecoin volume, followed by USD Coin (USDC) at 16.2% and DAI at 6.4%.

By Amy Liu

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