Delphi Digital Report: Supply of stablecoin market exceeds $250 billion for the first time

According to a report by Delphi Digital, the supply of stablecoins in the market has exceeded $250 billion for the first time. Among them, income based stablecoins have grown rapidly, with Ethena reaching nearly $6 billion since its launch; Tether and Circle still dominate the market, accounting for 86% of the total circulating supply; The diversity of issuers has increased, with over 10 stablecoins in circulation exceeding $100 million; More than 120 billion US treasury bond are locked in a stable currency, forming a liquidity pool outside the traditional market.