Nexus Data Labs
@NexusDataLabs
Data-driven storytelling for the onchain economy.
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Two chains hold 97% of all $USDT.
@TRONdao and @Ethereum hold ~$90B each, while USDT remains the dominant stablecoin, representing 60% of total stablecoin supply at $184B.
h/t @SamElfa0 @tokenterminal
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Wall Street wants a share of the stablecoin market.
Yet it must compete with USDT and USDC, a duopoly holding 87% of circulating supply.
What remains unproven is whether institutional backing can translate into the liquidity and trust the incumbents have built.
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EURC supply rose 286%, while holder count surged 633%.
Adoption is accelerating faster than issuance.
The data points to a transition from early concentration toward broader distribution.
Data: @tokenterminal
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