On-chain volumes for stablecoins reached a new monthly high in December
UPDATED: January 7, 2021, 6:13PM EST
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December ended 2020 with the highest adjusted on-chain volume for stablecoins, 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%.
