January sees $237 billion in monthly stablecoin volume thus far, breaking prior record

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