January sees $237 billion in monthly stablecoin volume thus far, breaking prior record
UPDATED: January 25, 2021, 1:07PM EST
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.theblockcrypto.com/" target="_blank">The Block</a></span></span></span>
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January has seen more than $230 billion in on-chain stablecoin volume since the start of the month, according to data collected by The Block.
That figure — $237.2 billion as of January 25 — represents the highest monthly amount of its kind, surpassing December's total of $178.3 billion by 33%.
USDT (Tether) had seen the majority of that volume at 62.9%, followed by USDC (USD Coin) with 21.0% and DAI with 9.1%.
Readers can find more data about stablecoins, as well as a wide array of crypto-related areas, by visiting The Block's Data Dashboard.
