<p>Stablecoin on-chain volumes have crossed the $1 trillion mark in 2020, according to The Block Research.</p> <p>On-chain volumes are any transactions that occur on blockchains. For stablecoin transactions, Ethereum remains the most popular blockchain, having about 83.5% share. TRON and Omni blockchains follow next, with about 14.5% and 2.1% share, respectively.</p> <p>As for popular stablecoins, Tether (USDT) remains the leader with about 73% share of the on-chain volumes, followed by USDC (15%) and DAI (7%).</p> <p>The $1 trillion figure has been achieved for the first time, suggesting that stablecoins are growing in popularity. Last year, on-chain volumes of stablecoins were about $248 billion, i.e., 3.22 times less than this year.</p> <p style="text-align: right;"><img class="aligncenter size-full wp-image-88998" src="https://www.tbstat.com/wp/uploads/2020/12/image-5.png" alt="" width="1698" height="1034" /><em><span style="font-size: 8pt; color: #999999;">Source: Coin Metrics, The Block Research</span></em></p>