The Block: Stablecoin Supply Holds at $290 Billion with $90 Trillion in Annual Volume

The Block Research reported that despite a 50% drop in Bitcoin and a $2 trillion decline in total crypto market cap from October 2025 to August 2026, stablecoin supply remained steady at $290 billion, with 90% issued by Tether and Circle. Annual transfer volume exceeded $90 trillion, doubling from the previous year, with daily turnover rising to 0.78x. Ethereum holds $147 billion, Tron over $90 billion, Solana $13 billion, and Base $4.5 billion.