<p>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.</p> <p>That figure — $237.2 billion as of January 25 — represents the highest monthly amount of its kind, surpassing December's total of $<span style="font-weight: 400;">178.3 billion by 33%. </span></p> <p><iframe title="Adjusted On-chain Volume of Stablecoins" src="https://embed.theblockcrypto.com/data/decentralized-finance/stablecoins/adjusted-on-chain-volume-of-stablecoins-monthly/embed" width="100%" height="420" frameborder="0"></iframe></p> <p><span style="font-weight: 400;">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%.</span></p> <p>Readers can find more data about stablecoins, as well as a wide array of crypto-related areas, by visiting The Block's <a href="https://www.theblockcrypto.com/data/decentralized-finance/stablecoins" target="_blank" rel="noopener noreferrer">Data Dashboard</a>. </p>